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Managerial economics subject Q5: Why do leaders of large corporations attempt to maximise revenues (sales) growth rather than maximising profits? What is Baumol's challenge to

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Managerial economics subject

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Q5: Why do leaders of large corporations attempt to maximise revenues (sales) growth rather than maximising profits? What is Baumol's challenge to profit maximisation? Do you think his argument depends upon market structure? Explain with examples

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Managerial Economics

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Authors: Paul Keat, Philip K Young, Steve Erfle

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