Economists Normally Assume That the Goal of a Firm Is

question 52

Multiple Choice

Economists normally assume that the goal of a firm is to i) sell as much of its product as possible.
Ii) set the price of the product as high as possible.
Iii) maximize profit.

• A) i) and ii) only
• B) ii) and iii) only
• C) iii) only
• D) i), ii), and iii)

---

Definitions:

Neoanalyst

A psychologist or psychoanalyst who subscribes to neo-analytic theories, which are updates or modifications to traditional Freudian psychoanalysis, integrating more emphasis on social and cultural factors.

Erik Erikson

A developmental psychologist and psychoanalyst known for his theory on the psychosocial development of human beings, which outlines eight stages from infancy to adulthood.

Behaviorism

A branch of psychology that focuses on observable behaviors, emphasizing the role of environmental factors in shaping behavior.

John B.Watson

An influential American psychologist who is often considered a founder of behaviorism, focusing on observable behaviors rather than internal mental processes.