Baumol sales maximization hypothesis


Problem: ____ yields the same results as the theory of perfect competition, but requires substantially fewer assumptions than the perfectly competitive model.

1. Baumol's sales maximization hypothesis:

  • The Pareto optimality condition
  • The Cournot model
  • The theory of contestable markets
  • none of the above

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Microeconomics: Baumol sales maximization hypothesis
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