Economists assume that firms have a goal to maximize profits. Is this a reasonable assumption for not-for-profit

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Economists assume that firms have a goal to maximize profits. Is this a reasonable assumption for not-for-profit organizations?

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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Question Posted: Sep 21, 2024 06:02 AM

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Economists assume that firms have a goal to maximize profits. Is this a reasonable assumption for not-for-profit organizations?
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Economists assume that firms have a goal to maximize profits. Is this a reasonable assumption for not-for-profit

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Yes Although anotforprofit organization uses its profits ...View the full answer

Microeconomics

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