What do economists normally assume to be the goal of a firm?

Select one:

a. to maximize sales revenue

b. to maximize profits

c. to sell products at the highest prices possible

d. to sell as many units of output as possible

Expert Solution

Answer - Option B

To maximise profits

As per the economists , the aim of every firm is to maximise the profits in every condition. It could be by raising the price , selling more , etc

Rahul Sunny answered 2 years ago

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