Economists Normally Assume That the Goal of a Firm Is

question 177

Multiple Choice

Economists normally assume that the goal of a 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) are true.
• B)(ii) and (iii) are true.
• C)(iii) is true.
• D)(i) and (iii) are true.

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Definitions:

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