The basic goals of total utility maximization,total profit maximization,and total welfare maximization explain most market activity.
The goal of consumers is to maximize total utility,the business firm's goal is to maximize total profit,and the government's goal is total welfare maximization.

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This statement is true as the basic goals of total utility maximization, total profit maximization, and total welfare maximization are the driving forces behind market activity for consumers, business firms, and the government, respectively.

The Basic Goals of Total Utility Maximization,total Profit Maximization,and Total