Objectives of Firms: What do they really want?

We often assume that all firms exist to make as much profit as possible. Indeed, that is an underlying principle of economics. But is that really the case, and what really is profit?



Read this study note and summarise the main issues briefly.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s