Marshall Jevons' 'The Fatal Equilibrium'

Abstract: In 4 pages the author discusses "The Fatal Equilibrium" by Marshall Jevons. "One of economics' main assumptions is that firms seek to magnify their profits, trying to make them as high as possible. This is controversial to a certain degree. There are those that suggest that instead of maximizing their profits, some firms try to maximize revenues or their share in the market, or something more complicated. No matter what it is called, the bottom line is that all firms attempt to maximize their profits. This is only good business sense." Bibliography lists 1 source.

Filename: Mjevons.wps

Pages: 4

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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