The primary objective of an imperfectly competitive firm is to:
A. maximize total revenue.
B. charge the highest possible price.
C. minimize total cost.
D. maximize profit.
Answer: D
Economics
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The measure used to determine whether two products are complements or substitutes is called the
A) price elasticity of supply. B) cross elasticity of demand. C) price elasticity of demand. D) income elasticity. E) substitute elasticity of demand.
Economics
After the repeal of Regulation Q, a problem for savings-and-loan associations (S&Ls) was that most of their assets were at __________ interest rates while their deposits were at __________ interest rates
A) low; low B) low; high C) high; low D) high; high
Economics