Economics · Theory of the Firm

What is the primary economic objective of a rational firm in both the short run and the long run?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1To minimize tax liability
2To maximize profits✓
3To minimize total employment
4To maximize production volume

Correct answer

To maximize profits

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What is the primary economic objective of a rational firm in both the short run and the long run?

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