Answered: In the theory of firm behavior, we…

In the theory of firm behavior, we assume that firms attempt to maximize _________. a)Total revenue b)Marginal revenue c)The number of customers d)Total economic profits

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter23: Monopoly

Section: Chapter Questions

Problem 14QP

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In the theory of firm behavior, we assume that firms attempt to maximize _________.

a)Total revenue

b)Marginal revenue

c)The number of customers

d)Total economic profits

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