中国大学MOOC: Suppose that the government imposes a business licence fee of $100 on all firms. Profit-maximizing firms that stay in business will respond to this tax by
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- Suppose that the government imposes a business licence fee of $100 on all firms. Profit-maximizing firms that stay in business will respond to this tax by A: raising prices to pay the tax B: cutting output to reduce costs C: lowering prices to stimulate sales D: doing nothing
- Suppose that the government imposes a business licence fee of $100 on all firms. Profit-maximizing firms that stay in business will respond to this tax by A: raising prices to pay the tax. B: cutting output to reduce costs. C: lowering prices to stimulate sales. D: doing nothing.
- For many financial firms, the best way to improve all aspects of their business is to __________.
- The weak axiom of profit maximizing behavior states that in a modern mixed economy, firms have only a weak incentive to maximize profits.
- Owners of business firms are the only people who need accounting information.