Economists normally assume that the goal of a firm is to (i) make profit as large as possible even if it means reducing output.
(ii) make profit as large as possible even if it means incurring a higher total cost.
(iii) make revenue as large as possible.
A) (i) and (ii) are true.
B) (i) and (iii) are true.
C) (ii) and (iii) are true.
D) (i) , (ii) , and (iii) are true.
Correct Answer:
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