DO NOT POST ON WEBSITEJust need two or three paragraphs concisely discussing...the profit maximizing...

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DO NOT POST ON WEBSITEJust need two or three paragraphs concisely discussing...the profit maximizing level of output is the ultimate goal of a firm.
 A firm with market power may produce a level of output greater than its
 profit maximizing level of output to gain market share and block entry 
of new firms.
What challenges does the firm face to sustain this practice? Explain.

Robert · Accepted Answer

The profit maximizing level of output is the ultimate goal of a firm. A firm with market power may produce a level of output greater than its profit maximizing level of output to gain market share and block entry of new firms. What challenges does the firm face to sustain this practice? Explain.
 Profit maximisation is one of the goals of a firm. Others include sales maximisation, maximisation of market share or some other goal based on the firm’s own choices.

DO NOT POST ON WEBSITE Just need two or three paragraphs concisely discussing...the profit maximizing level of output is the ultimate goal of a firm. A firm with market power may produce a level of...

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