The firm's overriding objective is to
A) earn a normal profit.
B) maximize normal profit.
C) maximize economic profit.
D) maximize total revenue.
E) avoid an economic loss.
C
Economics
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Which of the following business practices, if proven to exist, is always illegal under U.S. antitrust law?
A) tying arrangements B) price fixing among competitors C) exclusive dealing D) all of the above
Economics
Full employment is defined by most economists as the minimization of
A. cyclical unemployment. B. frictional unemployment. C. seasonal unemployment. D. structural unemployment.
Economics