Economists normally assume that the goal of a firm is to
(i)sell as much of its product as possible.
(ii)set the price of the product as high as possible.
(iii)maximize profit.
A)(i) and (ii) only
B)(ii) and (iii) only
C)(iii) only
D)(i), (ii), and (iii)

Question

Quizplus · Accepted Answer

Economists typically assume that the primary goal of a firm is to maximize profit, which involves balancing costs and revenues rather than just selling as much as possible or setting the highest price.

Economists Normally Assume That the Goal of a Firm Is