Firms do NOT use microeconomic models to
A) determine what inputs will be used for production.
B) determine whether they should advertise in the newspaper or on the radio.
C) strategically raise profits over competitors.
D) None of the above.

Question

Quizplus · Accepted Answer

This statement is false; firms do use microeconomic models to determine inputs for production, advertising strategies, and strategic profit maximization.

Firms Do NOT Use Microeconomic Models to