Cost Minimisation

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The Power of Markets II: Market Structure and Firm Behaviour (Coursera)

Nov 29th 2021
The Power of Markets II: Market Structure and Firm Behaviour (Coursera)
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In order to maximize profits, firms must ensure that any given output level is produced at least cost and then select the price-output combination that results in total revenue exceeding total cost by the greatest amount possible. With this in mind, this second module of the Power of Markets [...]
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