Answer: Maximize profits
Explanation: The basic assumption an economist make is that the owners of a firm always works with the intent of maximizing their profits. As per this approach, the producers in the market determine their prices, inputs and outputs in such a way that it leads to highest profits.
Hence, from the above we can conclude that the right option is C.
Answer:
The correct answer to the following question is option C) maximize profit .
Explanation:
When talking about the owners of the firms, economists usually assumes that the main goal of the owners is to maximize profit. Now if this was the case of company , the answer would have been different ( like maximizing shareholders wealth or etc ) but since owners are separate from company, as a company is a separate legal entity, so it won't be wrong to say for he owners , the profit is the main aim.
