A firm's fundamental goal is
A) different for each firm.
B) to make a quality product.
C) to maximize profit.
D) to gain market share.
E) to decrease its employment of workers in order to cut its costs.
C
Economics
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Differentiate between the two types of altruism
What will be an ideal response?
Economics
Suppose there are 100 firms in a perfectly competitive market. Each firm supplies 100 units of output when price is $5, and so market quantity supplied is ________ when price is $5 . Each firm supplies 150 units of output when price is $7, and so market quantity supplied is ________ when price is $7
a. 100; 150 b. 10,000; 15,000 c. 500; 1,050 d. 50; 700
Economics