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What does a monopolist competition do to maximize its profit?
If a company or organisation is a monopoly it has no competition. Therefore it can do anything it wishes to maximize its profit
How can equations and inequalities help a business maximize profit or minimize costs?
Equations and inequalities help maximize profit in a business by simultaneously optimizing the growth and profitability.
In a market economy what is the purpose of all firms?
Maximize profit
What does monopolistic competition and perfect competition have in common?
they maximize profit
Why do producers try to minimize costs and maximize revenue?
The profit motive
What does a monopolist competition do to maximize its profit?
If a company or organisation is a monopoly it has no competition. Therefore it can do anything it wishes to maximize its profit
What are the advantages of diversification?
to maximize the profit
What are the main functions in a business?
to maximize profit.
How can equations and inequalities help a business maximize profit or minimize costs?
Equations and inequalities help maximize profit in a business by simultaneously optimizing the growth and profitability.
The Coca-Cola company objectives?
to maximize profit.
In a market economy what is the purpose of all firms?
Maximize profit
What does monopolistic competition and perfect competition have in common?
they maximize profit
What is the goal of financial decisions?
To make a profit or a bigger profit. To maximize the wealth of stockholders or price of the shares
Why do producers try to minimize costs and maximize revenue?
The profit motive
Economists normally assume that the goal of a firm is to?
maximize profit
What do NH Retailers make off of lottery tickets?
They maximize profit
What does profit motive push producers to do?
Minimize cost and maximize revenue
