Who among the following Economists suggested the Sales Revenue Maximization as an alternative objective…
American economist 'W.J. Baumol' (William J. Baumol, 1959) propounded the Sales Revenue Maximization hypothesis, arguing that managers of modern oligopolistic corporations…
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Who among the following Economists suggested the Sales Revenue Maximization as an alternative objective of a business firm?
Answer and explanation
Correct answer D
American economist 'W.J. Baumol' (William J. Baumol, 1959) propounded the Sales Revenue Maximization hypothesis, arguing that managers of modern oligopolistic corporations seek to maximize total sales revenue subject to a minimum acceptable profit constraint.
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UGC NET Commerce