Why don't firms maximize revenue rather than profit? Briefly explain whether a firm that maximized revenue would

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Why don't firms maximize revenue rather than profit? Briefly explain whether a firm that maximized revenue would be likely to produce a smaller or larger quantity than if it were maximizing profit.

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 07:12 AM

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Why don't firms maximize revenue rather than profit? Briefly explain whether a firm that maximized revenue would

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Revenue is the total dollar amount of a firms sale...View the full answer

Economics

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