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A firm exises when a person or a group of people decides to produce a product or products by transforming resources, or inputs into cutpues-
A firm exises when a person or a group of people decides to produce a product or products by transforming resources, or inputs into cutpues- the prodocts that are sold in the market. Firms are the primary producing units in a market economy. we assume that firms make ded sons to try to macamize profits
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Managerial Economics
Authors: Paul Keat, Philip K Young, Steve Erfle
7th edition
0133020266, 978-0133020267
