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Business objectives

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Question 16

A firm is producing at output level Q3 Q_3\,Q3​ and charging a price of P3 P_3\,P3​ in the diagram below.

Cost and Revenue Diagram

What objective is the firm most likely to be pursuing?

Profit maximisation

Sales revenue maximisation

Profit satisficing

Sales volume maximisation

Business objectives Questions

  1. A Level
  2. /Economics
  3. /Business objectives