We assume that in the market for resources, a. firms seek to maximize profits an

Question

We assume that in the market for resources, a. firms seek to maximize profits and resource ownersseek to maximize utility. b. firms seek to maximize profits and resource ownersseek to maximize income c. firms and resource owners seek to maximizeutlilty d. firms seek to minimize costs and resource owners seekto maximize income. e. none We assume that in the market for resources, a. firms seek to maximize profits and resource ownersseek to maximize utility. b. firms seek to maximize profits and resource ownersseek to maximize income c. firms and resource owners seek to maximizeutlilty d. firms seek to minimize costs and resource owners seekto maximize income. e. none

Explanation / Answer

b.  firms seek to maximize profits and resource owners seek to maximize income

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