It is possible for firms to not maximize profits even if they have optimally allocated their fixed advertising budget.

Name: It is possible for firms to not maximize profits even if they have optimally allocated their fixed advertising budget.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Firms may prioritize other objectives such as long-term growth or social responsibility, which may result in not maximizing profits despite optimal allocation of their fixed advertising budget.

It Is Possible for Firms to Not Maximize Profits Even