Firms maximize profit when
举一反三
- In Bertrand Model， two firms select output of the products in order to maximize profit。（ ）
- The weak axiom of profit maximizing behavior states that in a modern mixed economy, firms have only a weak incentive to maximize profits.
- If firms in an industry earn zero profit, other firms would like to enter this market.
- If firms wish to maximize their market share, they should opt for market-skimming pricing.
- To maximize profit, the monopolist produces on the ________ portion of the demand curve where ________.