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Author Question: A firm may be unable to maximise profits because it (Read 56 times)

future617RT

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on: May 25, 2020

Question 1

The traditional profit-maximising theory of the firm has been criticised by some economists because
◦ firms have other aims.
◦ firms do not know how to maximise profits.
◦ it does not explain monopolistic competition.
◦ A and B

Question 2

A firm may be unable to maximise profits because it
◦ does not know its MC and MR.
◦ has too much information.
◦ A and D
◦ has too little information.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by future617RT on May 25, 2020

mistyjohnson

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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future617RT

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

xoxo123

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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