It is important to be aware that the supply curve that we draw is based on the

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It is important to be aware that the supply curve that we draw is based on the assumption that rational producers choose to maximize profits. In many situations, this will not be the case. Can you think of other goals that owners affirms might have? Try to find examples of firms whose main goal may not in fact be profit maximization. HL students will look atthis in some more depth later.

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Economics Course Book 2020

ISBN: 9781382004961

2020 Edition

Authors: Jocelyn Blink, Ian Dorton

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