Question 1
Sales revenue maximisation is likely to take place in markets that are
◦ contestable.
◦ perfectly competitive.
◦ export-oriented.
◦ oligopolistic.
Question 2
A sales maximising firm will produce where
◦ sales revenue is maximised.
◦ quantity sold is maximised.
◦
MC = MR.
◦
AR minus
AC is maximised.