A firm may be unable to maximize profits because it ?

Related Mcqs:

The traditional profit-maximizing theory of the firm has been criticized by some economists because ?

A. firms do not know how to maximize profits. B. firms have other aims C. it does not explain monopolistic competition D. Both the first and second option...

The divorce of ownership and control tends to occur in ?

A. sole proprietors B. partnerships C. public limited companies D. monopolies...

Galbraith’s idea that firms are controlled by a technostructure supports _________ theories?

A. Williamson’s B. classical economic C. Marxist D. monetarist...

If firms satisfice this means that ?

A. managers need to be paid enough to stop them leaving the company B. objectives such as profit are not maximized C. short-run profits are maximized D. long-run profits are maximized...

Sales maximization is likely to take place in markets that are ?

A. contestable B. perfectly competitive C. oligopolistic D. export-oriented...