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Results tagged with profit-maximization
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user 4949
A modelling approach in which firms' plants are chosen via maximizing a profit function under a demand or resource limit restriction.
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Why is AC = MC in the monopoly?
Using the Microeconomic Theory Basic Principles and Extensions, Nicholson, W. and Snyder, C., I've reached to the point where Monopoly and Imperfect Competition is discussed (Chapter 14 and 15 to be m …
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