Economics 9708 · AS & A Level · 7.8

7.8 — practice question

In what situation would a firm be most likely to have an objective other than profit maximisation?

  • Awhen there are a large number of firms in the industry
  • Bwhen there are a large number of shareholders and few paid managers
  • Cwhen there is a large investment expenditure required
  • Dwhen there is a large output produced

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