Economists normally assume that the goal of a firm is to a. maximize its total revenue....

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Economists normally assume that the goal of a firm is to a. maximize its total revenue. b. maximize its profit. c. minimize its explicit costs. O d. minimize its total cost. Economists normally assume that the goal of a firm is to a. maximize its total revenue. b. maximize its profit. c. minimize its explicit costs. O d. minimize its total cost.

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The detailed answer for the above question is provided below b maximize its profit The goal of a... View the full answer