total profit

What Is Profit Maximization And Cost Minimization?

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What Is Profit Maximization And Cost Minimization? 1. is the making of gain in Business activity for the benefit of the owners of the business. 2. The total amount of money that the firm receives from sales of its product or other sources. The cost of all factors of production. What is profit maximization with

Is There Economic Profit In Monopolistic Competition?

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Is There Economic Profit In Monopolistic Competition? Companies in a monopolistic competition make economic profits in the short run, but in the long run, they make zero economic profit. Can a monopolistic competition earn economic profits in the long run? Companies in a monopolistic competition make economic profits in the short run, but in the