Why is it difficult to test the assumption that firms seek to maximizelong-run profits?

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Economics

ISBN: 978-0273721307

7th edition

Authors: John Sloman, Alison Wride

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Question Posted: Nov 18, 2013 09:34 AM

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Why is it difficult to test the assumption that firms seek to maximizelong-run profits?

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Although profit maximization is the prime goal of every ...View the full answer

Economics

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