Which of the following is NOT a likely reason why a small business in a free enterprise system should seek the ideal combination of price charged and quantity supplied?
A) to maintain goodwill among customers
B) to maximize profits
C) to avoid surpluses and shortages.
D) to avoid government regulation
E) to discourage competition

Question

Quizplus · Accepted Answer

D)A small business is unlikely to be a monopoly so how it sets its prices will not attract the attention of government regulators.

Which of the Following Is NOT a Likely Reason Why