goals of the firmhow much is produced by a firm, Managerial Economics

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goals of the firmhow much is produced by a firm

Goals of the firm

How much is produced by a firm depends on its objectives. A firm which aims to maximise its sales revenue, for example, will generally supply a greater quantity than a firm aiming to maximise profits (see markets). Changes in these objectives will usually lead to changes in the quantity supplied.

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Managerial Economics: goals of the firmhow much is produced by a firm

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