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23) The theory of the firm is based on the following two key assumptions: A) Firms seek to become as large as possible, and they seek to maximize total revenue. B) Each firm has a highly diversified product line, and this necessarily leads to profit maximization. C) Firms seek to maximize profit, and to distribute the maximum value fairly. D) Firms seek to maximize profits, and the firm is a single, consistent decision-making unit. E) Firms seek to maximize revenues, and to maximize undistributed profits.

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Deanna Hettinger
Deanna HettingerLv2
18 Dec 2017
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