If a firm maximizes its expected profit, it will never produce the quantity that maximizes actual profit.

Name: If a firm maximizes its expected profit, it will never produce the quantity that maximizes actual profit.
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Quizplus · Accepted Answer

If a firm maximizes its expected profit, it will never produce the quantity that maximizes actual profit because expected profit takes into account the uncertainty of future events, while actual profit is realized only after those events have occurred.

If a Firm Maximizes Its Expected Profit, It Will Never