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Card 16
Front
What is revenue maximisation?
Back
Card 17
Front
A firm is prepared to accept a _____ market price in order to increase its _______
Back
Card 18
Front
Revenue maximisation can be used as predatory pricing, what is predatory pricing designed to do?
Back
Card 19
Front
Revenue maximisation is normally a feature of ?
Back
Card 20
Front
Predatory pricing was an early feature of markets after bus deregulation. Large firms used this tactic to gain?
Back
Card 21
Front
What is sales maximisation?
Back
Card 22
Front
Where does sales maximsation occur?
Back
Card 23
Front
Firms increase output up to the break even level, where total revenue just covers?
Back
Card 24
Front
The only circumstance where this might be justified is where there is?
Back
Card 25
Front
Why is cross subsidisation bad to the economist?
Back
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