The assumption of profit maximization is frequently used in microeconomics. however, do firms always seek to maximize profit? firms

a. maximize profit because they have perfect information.

b. do not always maximize profit because firms may instead engage in altruistic behavior that reduces profit.

c. do not always maximize profit because managers may instead be more concerned with revenue growth.

d. maximize profit because they are more concerned about longer-run profit than short-run profit.

e. do not always maximize profit because many firms survive in competitive industries by instead focusing on payment of dividends