The weak axiom of profit maximizing behavior states that in a modern mixed economy, firms have only a weak incentive to maximize profits.
举一反三
- Refer to Figure 12.1. Assume the firms have formed a cartel. If the cartel is maximizing profits, the cartel's profits are:
- Firms maximize profit when
- There is a situation in the market economy: the government does not<br/>intervene in the economy at all, this kind of economy is called ( ) A: Weak economy. B: Completely free market economy. C: The government does not intervene in the economy. D: Mixed economy.
- 中国大学MOOC: Firms operating in perfectly competitive markets try to maximize profits.
- Firms operating in perfectly competitive markets try to maximize profits. A: 正确 B: 错误