A firm maximizes its total revenue. Does it automatically maximized its profit too? Why or why not?

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Question Posted: Feb 12, 2016 07:44 AM

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A firm maximizes its total revenue. Does it follow that it has automatically maximized its profit too?
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A firm maximizes its total revenue. Does it automatically maximized its profit too? Why or why not?

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A firm maximizes both profits and total revenue at the same time only ...View the full answer

Economics

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