Economics 9708 · AS & A Level · 7.8

7.8 — practice question

A firm is presently trying to maximise its sales revenue. What is likely to occur if the firm chooses instead to seek maximum profit?

  • Aa reduction 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
  • Dan increase in the number employed by the firm

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