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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Is the managerial coordination that goes on within a business firm independent of market forces? Explain your answer.

To determine

Explain the managerial coordination and the market force.

Explanation

No, the manager may direct employees to produce 50 units of good X instead of 25 units of A and 25 units of B, but that the manager of a profit – seeking business firm does not concern this instruction independent of what they think they produce in the market place...

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