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Social Studies, 06.05.2020 00:21, gregorio03
Economists normally assume that the goal of a firm is to earn
(i) profits as large as possible, even if it means reducing output.
(ii) profits as large as possible, even if it means incurring a higher total cost.
(iii) revenues as large as possible, even if it reduces profits.
a. (i) only
b. (Iii) only
c. (i) and (ii) only
d. (i) and (iii) only
e. (i), (ii) and (iii)
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Answers: 1
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Economists normally assume that the goal of a firm is to earn
(i) profits as large as possibl...
(i) profits as large as possibl...
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