The primary objective of a for-profit firm is to a. maximize total revenue b. maximize agency...

The primary objective of a for-profit firm is to

a. maximize total revenue

b. maximize agency costs

c. minimize average cost

d. maximize shareholder value

Expert Solution

The primary objective of a for profit firm is to

d) maximize shareholder value

because option c minimize cost is appealing but minimize costs dosent help the bottom line unless revenue are also maximized. option a only maximize profit if costs are minimized at the same time.Option b will also not help

Rahul Sunny answered 2 years ago

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