Economics · Theory of Firm

In microeconomics, the primary long-run objective of a rational firm is assumed to be:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Minimise total cost of production
2Maximise economic profit✓
3Maximise total output
4Maximise sales revenue

Correct answer

Maximise economic profit

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In microeconomics, the primary long-run objective of a rational firm is assumed to be:

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