Classic economic theory assumes a firm seeks to maximize its long-run __________,achieving as high a financial return on its investments as possible.

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Classic economic theory assumes that a firm's ultimate goal is to maximize its profits. This means achieving as high a financial return on its investments as possible. While other factors like quality, market share, employee welfare, and social responsibility may also be important considerations, they are not the primary focus of classic economic theory.

Classic Economic Theory Assumes a Firm Seeks to Maximize Its