1971 | OriginalPaper | Buchkapitel
Equilibrium of the Firm in a Perfectly Competitive Market
verfasst von : Edward Horesh
Erschienen in: Principles of Economics
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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The concept of the profit-maximising firm is central to economic theory. The entrepreneur must make such decisions about purchases of inputs and the technique and scale of production that will yield him maximum profit. An understanding of these choices clarifies many of the concepts and techniques that are used in all branches of economics.