Which of the Following Statements Is TRUE? Economists Normally Assume

question 45

Multiple Choice

Which of the following statements is TRUE? Economists normally assume that the goal of the firm is to:
I. sell as much of their product as possible.
II. set the price of their product as high as possible.
III. maximize profit.

• A) I and II only
• B) II and III only
• C) I and III only
• D) III only

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