AQA A Level · 7136 · Paper 1: Markets and market failure
4.1.5.2 The Objectives of Firms
Also AQA AS 7135: 3.1.4.2
Everything you need for questions on the objectives of firms, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Profit maximisation
- Three outputs on one diagram
- Alternative objectives
- Worked example
- Classic question: do firms always aim to maximise profit?
- Divorce of ownership from control, and other objectives
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- One firm, three objectives
- Which objective?
- How much profit is enough?
- Objectives trainer
- Is it all about profit?
- Build the chain
- Exam practice
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