[Answered] Economists assume that firms seek to a. maximize accounting profit b. maximize economic profit c. ...

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Author Question: Economists assume that firms seek to a. maximize accounting profit b. maximize economic profit c. ... (Read 125 times)

c0205847

Hero Member
Posts: 531

on: Jun 30, 2018

Economists assume that firms seek to
a. maximize accounting profit
b. maximize economic profit
c. maximize total revenue
d. maximize normal profit
e. minimize cost

Question 2

Average revenue, demand, and price are all depicted by the same curve for a monopoly.
a. True
b. False

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Marked as best answer by a Subject Expert

tanna.moeller

Sr. Member
Posts: 328

Reply #1 on: Jun 30, 2018

Answer to Question 1

B

Answer to Question 2

A

c0205847

Member
Posts: 531

Reply 2 on: Jun 30, 2018

Great answer, keep it coming

coreycathey

Member
Posts: 333

Reply 3 on: Yesterday

Excellent

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