A store devotes more space to bicycles so it now has less space for books. This is an example of profit maximization principle.
The Profit Maximization principle helps a firm or business to increase its profits using marginal cost and revenue. Such that both the cost and revenue are equal.
The firm invest in producing at the minimum cost and getting enough profit.
Therefore, A store devotes more space to bicycles so it now has less space for books. This is an example of profit maximization principle.
Learn more on profit maximization here
https://brainly.com/question/13464288
#SPJ1
