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It's an introduction to microeconomics course material. We covered firm theory, and profit maximization, perfect comp. market, monopoly and etc. Please explain specifically. Question: In

It's an introduction to microeconomics course material. We covered firm theory, and profit maximization, perfect comp. market, monopoly and etc. Please explain specifically.

Question: In some firms, managers are given sales volume-based bonuses. Explain why this might not be an efficient compensation strategy to achieve profit maximization in the short run as well as in the long run.

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