2 'Long-run profit is the sum of successive short-run profits. Therefore the maximisation of short-run profit ensures

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2 'Long-run profit is the sum of successive short-run profits. Therefore the maximisation of short-run profit ensures that profits are also maximised in the long run.' Discuss.

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Fundamentals Of Managerial Economics

ISBN: 9781349162253

1st Edition

Authors: Julian Gough, Stephen Hill

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Question Posted: Nov 13, 2024 08:00 AM

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2 'Long-run profit is the sum of successive short-run profits. Therefore the maximisation of short-run profit ensures

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Fundamentals Of Managerial Economics

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