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Explain profit maximizing behavior of a perfectly

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It is assumed that all firms are profit maximizes. Explain, with diagrams, the 2 approaches used to explain profit maximizing behavior of a perfectly competitive firm.

Reference no: EM131227313

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Explain profit maximizing behavior of a perfectly : It is assumed that all firms are profit maximizes. Explain, with diagrams, the 2 approaches used to explain profit maximizing behavior of a perfectly competitive firm.
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