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Microeconomics II
book

Microeconomics II

by D.N. Dwivedi
August 2011
Intermediate to advanced content levelIntermediate to advanced
368 pages
14h 51m
English
Pearson India
Content preview from Microeconomics II
The Objectives of Business
Firms and Their Market
Powers
Chapter 1
CHAPTER OBJECTIVES
In this and the subsequent four chapters, we shall discuss the theories that deal with price and output
determination by the rms. ere are two most important factors that play the major role in a rm’s
decision on price and output determination: (i) rm’s own objectives, i.e., what the rm wants to achieve
and (ii) its market power to decide on the price and output that meet its objectives. e objectives of this
chapter are to explain the following aspects:
What are the various objectives of business rms under dierent kinds of market conditions;
Why pr ...
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Publisher Resources

ISBN: 9788131797655