Public limited companies may not maximise their profits because:
A) shareholders want higher dividends
B) shareholders have little control over managers
C) they are afraid of encouraging takeovers
D) A and C
Correct Answer:
Verified
Q15: Division of labour is an important cause
Q16: After a merger, 'rationalisation' usually takes place.
Q17: The phrase 'sometimes profit maximisation means loss
Q18: Malthus' forecast of mass starvation as world
Q19: Average variable cost is equal to:
A) average
Q21: At the profit- maximising output level:
A) demand
Q22: If it costs the Delicious Donuts firm
Q23: A firm's total revenue is:
A) marginal revenue
Q24: When price is greater than marginal revenue,
Q25: When a firm sells each unit of
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