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Companies don't seek to maximize revenue. They seek to maximize profits. Looking at the demand curve alone does not tell you the equilibrium price. If every p
by rahimnathwani 2y ago
Companies don't seek to maximize revenue. They seek to maximize profits.
Looking at the demand curve alone does not tell you the equilibrium price.
If every point on the supply curve increases by 5%, this will almost change the price at which the supply and demand curves intersect.