Most economic theory is based on the assumption that firms have one goal.Which of the following is that goal?

Question

Quizplus · Accepted Answer

The goal of profit maximization is widely accepted as the primary objective of firms in economic theory. This means that firms will strive to produce the optimal level of output that will generate the greatest possible profit. While other objectives such as growth, technology development, and management autonomy may be important, they are typically subordinate to the goal of profit maximization.

Most Economic Theory Is Based on the Assumption That Firms