What is the main overriding goal of most businesses

Reference no: EM133440638

Questions:

What is the main overriding goal of most businesses?
Define profit.
What are the characteristics of a perfectly competitive industry?
What are the characteristics of a monopoly?
What are two examples of barriers to entry?
Why is a competitive market generally better for society than a monopolistic market?
What are the two key characteristics of a public good? What is an example of a public good? What is the problem with leaving the provision of public goods up to the market system? What is the solution?
What is a negative externality? What is an example of a negative externality? What is a solution for dealing with a negative externality?

Reference no: EM133440638

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