Limit Price OR Limit Pricing is one of the main objectives of firms. Besides maximising profit, firms will always also implement policies to help them stay in the market and fight against other competitors. A limit price is a price, or pricing strategy, where products are sold by a supplier at a price low enough … Read more
Theory of the Firm analyses how firms arrive at their price and output and decisions under different market structures (perfect and inperfect) given their main objective of profit maximasation. From what we’ve said above, once can therefore come to the following conclusions; The theory of the firm is a microeconomic concept that states that a … Read more
We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.
