The diagram shows the cost and revenue curves of a monopolist. What would be the aim of the firm if it chose to produce at $$\(Q_{1} P_{1}\)$$ ?
A.
revenue maximisation
B.
profit maximisation
C.
sales maximisation
D.
growth maximisation
Exam No：9708_w20_qp_32 Year：2020 Question No：11
Answer:
A
Knowledge points:
7.8.1 traditional profit-maximising objective of firms
7.8.2.1 survival
7.8.2.2 profit satisficing
7.8.2.3 sales maximisation
7.8.2.4 revenue maximisation
Solution:
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