Discuss the relevance of baumol's model of sales revenue maximization in the present context
Answers
Answered by
4
Answer:
More Practical: Revenue maximisation thesis of Baumol is more practical. It is so because goal of revenue (Sales) maximisation leads to more production which, in turn, leads to fall in price. As a result, consumers' welfare is promoted. They also endorse this goal of the firms.....
✌#⃣♥️
Similar questions