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firms both in monopolistic and perfect competition tend to make normal profits but why do they criticize only monopolistic competition
how realistic is the sales maximisation model
LONG RUN EQUILIBRIUM FOR THE FIRM Since there is freedom of entry into the industry the surplus profits will attract new firms into the industry. As a result the supply of th
SHORT RUN EQUILIBRIUM OF THE FIRM A firm is in equilibrium when it is maximizing its profits, and can't make bigger profits by altering the price and output level for its prod
what is equi marginal concepts?
Q. Loss at the point of equilibrium? Losses: At the point of equilibrium i.e. E where MR = MC, firm produces OM amount of the output. To produce this output, firm incurs an a
p=10, TC= 1000+2Q+.01Q^2, Q=?
Managerial economics according to Mote and Paul "Managerial economics refers to those aspects of economics and its tools of analysis most relevant to the firm's decision-making
with the of evidence comprehensively discuss the market structure in the south African mobile telecommunications industry
what is the relation between leverage and elasticity?
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