When a Firm Maximizes Profits It Will Simultaneously Minimize Opportunity

question 151

True/False

When a firm maximizes profits it will simultaneously minimize opportunity costs.

---

Definitions:

Slave Resistance

The various ways enslaved African Americans resisted their enslavement, including work slowdowns, escape, and rebellion.

Colonial Chesapeake

Refers to the English colonies in the Chesapeake Bay region, namely Virginia and Maryland, during the 17th and early 18th centuries, known for their tobacco-based economies.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Royal Colony

A type of colonial administration of the British overseas territories, governed directly by the crown through a royal governor.