The goal of the business firms in a market economy is to maximize
A) Total profits.
B) Total sales.
C) Total utility.
D) Total welfare.
Correct Answer:
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Q1: The most desired goods or services that
Q3: According to the law of demand,a demand
Q4: A factor market is any place or
Q5: Which of the following is purchased in
Q6: Individual consumers supply _ and purchase _.
A)factors
Q7: Ceteris paribus,which of the following is most
Q8: People benefit by participating in the market
Q9: According to the law of demand,during a
Q10: A lower quantity demanded of a good
Q11: Which of the following is purchased in
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