Profit maximization as an objective of a firm is a logical extension of the general principle that people

Name: Profit maximization as an objective of a firm is a logical extension of the general principle that people
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Profit maximization is seen as a logical extension of the general principle that people act to maximize their own self-interests. A firm seeks to maximize profits by making decisions that will allow it to earn the greatest possible amount of revenue while minimizing its costs.

Profit Maximization as an Objective of a Firm Is a Logical