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Essay

Alternative theories to profit maximization

Essay specific features

 

Issue:

Business

 

Written by:

Dana R

 

Date added:

December 28, 2011

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1749

 

Was viewed:

10023 times

 

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Essay content:

As we know by now this happens when MC=MR but this is an always changing point as supply and demand are dynamic, effectively meaning that if firms get it right once they can't just do the same eternally, they still need to adapt to every market factor as a new change is a new reality all together that needs to be studied and addressed...
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All of these changes happen in what is called the market, where suppliers and consumers meet to reach a level that suits the interests of both parties involved. Markets have four different structures which need different "attitudes" from the suppliers in order to enter, compete and effectively gain share in the market...
displayed 300 characters

General issues of this essay:
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