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26 May, 02:02

What does the theory of the firm explain

a) market supply of goods and services

b) the creation of the input market

c) market demand for goods and services

d) the makeup of the output market

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Answers (1)
  1. 26 May, 02:28
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    The theory of the firm is the microeconomic concept founded in neoclassical economics that states that firms including businesses and corporations exist and make decisions to maximize profits.
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