Description
- Detailed revisions in several chapters to bridge the gap between theory and practice.
- New sections on alternative business objectives and firm value maximization, highlighting modern theories and strategic approaches.
- Expanded discussions on market conditions, monopolistic competition, and oligopoly, providing a clearer understanding of complex market dynamics.
- A new focus on empirical cost functions and advanced pricing strategies to aid in practical decision-making.
- Revised analytical diagrams and corrected textual errors ensure clarity and precision, making this edition not only a source of knowledge but also a reliable tool for critical business applications.





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