Problem1 economists assume that firms have a goal to, Ask an Expert

Economics

Problem

1. Economists assume that firms have a goal to maximize profits. Is this a reasonable assumption for not-for-profit organizations?

2. Suppose you were evaluating the profit earned by a pharmaceutical company that produces three different medicines. What information would you need to know to calculate profit?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92757833

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