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7. B. 0. Which statement best describes satisfactory profits? a. Unlike profit maximization, satisfactory profits involve setting prices so that total revenue is as large
7. B. 0. Which statement best describes satisfactory profits? a. Unlike profit maximization, satisfactory profits involve setting prices so that total revenue is as large as possible relative to total costs. b. Unlike profit maximization, satisfactory profits strive for a level of profits consistent with the level of risk an organization faces. c. Unlike profit maximization, satisfactory profits depend on the competitive environment a firm faces. d. Unlike profit maximization, satisfactory profits might be high in a low- risk industry and low in a high-risk industry. bo
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