Theory of price
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Theory of price defines the term optimum price as that price which yields the maximum profits. What is theory of price? The basic approach in most of the micro-economic theory (i.e. theory of the individual firm and its relation to…
Theory of price defines the term optimum price as that price which yields the maximum profits. What is theory of price? The basic approach in most of the micro-economic theory (i.e. theory of the individual firm and its relation to…