It is known the pricing policies profit maximization, Ask an Expert

Economics

It is known the pricing policies, profit maximization decisions, and short run and long run behavior of perfectly competitive firms, monopoly, oligopoly and monopolistic competition.

a) Discuss what is unique or important about each of the markets listed above.

b) Discuss the importance of advertising in increasing the sales for each of the markets listed above.

c) Why do we make the distinction between long and short run equilibrium for profit maximizing decisions?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92198156

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