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5. The market allocates resources to the firms that best meet the needs of consumers. Discuss 6. The force of competition, the desires of managers

5. The market allocates resources to the firms that best meet the needs of consumers. Discuss

6. The force of competition, the desires of managers and the needs of shareholders combine to ensure that firm maximize profit. Discuss

7. There is a simple relationship between advertising and profitability the most profitable firm are the advertise most. Therefore, advertising must increase profitability. Discuss

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