Economics 9708 · AS & A Level · 7.8

7.8 — practice question

The diagram illustrates a firm’s cost and revenue curves. The firm alters its aim from profit maximisation to sales revenue maximisation. Which stakeholder groups are likely to gain and which are likely to lose because of this change?

  • Awinners: customers; losers: shareholders
  • Bwinners: managers; losers: customers
  • Cwinners: workers; losers: managers
  • Dwinners: shareholders; losers: workers

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