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From course:

Economics A Level (DONEEEEEEE)

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Question:

What other Objectives can Producers focus on and Why?

Author: eric_galvao



Answer:

-Larger Market Share: Leads to Monopoly Power, therefore charging High Prices from Lack of Competition [Profit?] -Massive Firms: Seen to be Prestigious and Stable, getting Best Employees and Resources -Ethical Reasoning: Doing Good, even if Profits do not Increase.


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