Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 14 - Part V - Firms in Competitive Markets - Questions for Review - Page 296: 2


Revenue is the amount of money a company receives during a period of time. Profit is the revenue minus the amount spent in buying, operating, or producing something. Firms maximize profit.
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