Economics 9708 · AS & A Level · 7.8

7.8 — practice question

A firm chooses to maximise sales revenue instead of profits. What is likely to be one consequence of this decision?

  • Aan increase in the price of the firm’s product
  • Ba reduction in the price of the firm’s shares
  • Ca reduction in the firm’s market share
  • Da reduction in the number employed by the firm

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