Abstract
Here we examine the microeconomics of the competitive, profit-maximizing firm. We show how profits can be maximized in the model by using well-known economic principles and alternatively by constructing a model of a profit-making firm and showing how its profits are maximized by direct means.
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© 2012 Springer Science+Business Media, LLC
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Ruth, M., Hannon, B. (2012). The Profit-Maximizing Competitive Firm. In: Modeling Dynamic Economic Systems. Modeling Dynamic Systems. Springer, Boston, MA. https://doi.org/10.1007/978-1-4614-2209-9_11
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DOI: https://doi.org/10.1007/978-1-4614-2209-9_11
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Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4614-2208-2
Online ISBN: 978-1-4614-2209-9
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