It may be rational for the management of a firm not to try to maximize profits. Discuss

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"It may be rational for the management of a firm not to try to maximize profits." Discuss the circumstances under which this statement may be true.

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Economics Principles and Policy

ISBN: 978-0538453653

12th edition

Authors: William J. Baumol, Alan S. Blinder

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Question Posted: Apr 12, 2016 07:13 AM

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It may be rational for the management of a firm not to try to maximize profits. Discuss

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Some firms are nonprofit firms and they definitely do not maximize profits A nonprofi...View the full answer

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