You were recently hired as a manager of a company a firm, Managerial Economics

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You were recently hired as a manager of a company a firm

You were recently hired as a MANAGER of a company (a firm) that is facing a number of managerial issues and subsequently finding it difficult to make economic profit. The issues include:

Resource misallocation;
Manager-worker problems;
Threat of competitor's takeover;
Government regulations; and
Poor pricing and output decisions.

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Managerial Economics: You were recently hired as a manager of a company a firm

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Managerial Economics: You were recently hired as a manager of a company a firm

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