Which one of the following is a reason why firms may not always maximise their profit? (1)

A.
They may minimise total costs
B.
They may be able to sell at a high price
C.
They may have low fixed costs
D.
They may complete charitable work
Economics
IGCSE&ALevel
EDEXCEL
Exam No:4EC1_01_que_20211109 Year:2021 Question No:1(a)

Answer:

D

Knowledge points:

9.Business costs, revenues and profit

Solution:

Download APP for more features
1. Tons of answers.
2. Smarter Al tools enhance your learning journey.
IOS
Download
Android
Download
Google Play
Download