Economy, asked by madhusgowda1357, 2 months ago

what is a firm in economics

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Answered by jagadishwar45

2

Answer:

A firm is a for-profit business, usually formed as a partnership that provides professional services, such as legal or accounting services. The theory of the firm posits that firms exist to maximize profits. ... A business firm has one or more locations which all have the same ownership and report under the same EIN.

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