Which of the following is not one of the three fundamental concepts of economics?
A) profit maximization
B) marginalism
C) opportunity cost
D) the working of efficient markets

Question

Quizplus · Accepted Answer

Profit maximization is a goal or objective of many firms but is not considered a fundamental concept of economics in the same way as marginalism, opportunity cost, and the working of efficient markets are. Fundamental concepts of economics are broader and include principles that underlie economic decision-making and the functioning of economies, rather than specific objectives of individual actors within the economy.

Which of the Following Is Not One of the Three