sammiewintersjr sammiewintersjr
  • 01-11-2020
  • Business
contestada

What is the condition for profit maximization for a pure competitive firm?

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bobm82 bobm82
  • 01-11-2020
I believe this needs to come from a non monetary source. Pure competition allows for no price change between firms. So profit maximization needs to come from market share. I believe the answer would have to be in service levels or ease of business improvements. If you are forced to have the same price levels the levers to pull are few but the exist only customer service, ease of transacting, other value add initiatives. Just my thoughts
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