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Explain why profit maximisation may not necessarily lead to wealth maximisation

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Explain why profit maximisation may not necessarily lead to wealth maximisation
Answered Same Day Dec 22, 2021

Solution

David answered on Dec 22 2021
117 Votes
Question:
Explain why profit maximization may not necessarily lead to wealth maximization
Solution:
Profit maximization may be short run or long run process which is used to determine the price
and output level by which the returns will be greater. Profit is yearly basis.
Wealth maximization is the decision taken by top management. It deals with the future...
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