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In assuming that profit mazimization motivates firms, weassume that the firms a.

ID: 1254105 • Letter: I

Question

In assuming that profit mazimization motivates firms, weassume that the firms a. choose the most efficient production process. b. choose the least costly combination ofresources. c. restrict output to increase profit d. all of the above e. A and B only In assuming that profit mazimization motivates firms, weassume that the firms a. choose the most efficient production process. b. choose the least costly combination ofresources. c. restrict output to increase profit d. all of the above e. A and B only

Explanation / Answer

e.  A and B only

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