Business, 06.11.2019 23:31 SchoolFirst9811

Economists normally assume that the goal of a firm is to
(i) make profit as large as possible even if it means reducing output.
(ii) make profit as large as possible even if it means incurring a higher total cost.
(iii) make revenue as large as possible.
a. (i) and (iii) are true.
b. (i) and (ii) are true.
c. (i), (ii), and (iii) are true.
d. (ii) and (iii) are true.

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Economists normally assume that the goal of a firm is to
(i) make profit as large as possible...

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