Business, 23.03.2021 02:00, omar2334

A firm will maximize the present value of future profits by maximizing current profits when: the growth rate in profits is constant. the growth rate in profits is larger than the interest rate. Correct! the interest rate is larger than the growth rate in profits and both are constant. the growth rate and interest rate are constant and equal.

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A firm will maximize the present value of future profits by maximizing current profits when: the gro...