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What is the goal of a firm? What is the difference between revenue and profit?Why do we use the assumption that firms have the goal

What is the goal of a firm?

What is the difference between revenue and profit?Why do we use the assumption that firms have the goal of maximizing their profits as the basis of our models in this chapter?Is this model/assumption always true? Why or why not? Does this differ for a nonprofit organization compared to a for-profit organization?

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