McqMate
| Q. |
Microeconomic theory assumes that all firms maximize profits because |
| A. | it has been observed that managers always align their goals with investors and seek to maximize short and long run profits |
| B. | profit is likely to dominate almost all decisions for smaller firms |
| C. | if managers deviate from profit maximization decisions for too long shareholders or the board of directors will replace them |
| D. | both (b) and (c) |
| Answer» D. both (b) and (c) | |
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