At the height of his fame, Mark Twain was approached by an editor who was assembling a litany of insights into what he would eventually title On the Art of Writing. Never at a loss for a quip or some ...

Learn how monopolies maximize profits by equating marginal cost and revenue. Discover the economic principles guiding price and output decisions in monopoly markets.

As a business owner, you know that the bottom line is key. No matter what industry your business is in, optimizing profit should be at the top of your priorities. Profit is essential to the success of ...

Hollywood has one of the best pricing strategies designed to maximize sales of the same product across various audiences and stages of that product’s lifecycle. If luxury fashion retailers and brands ...

Over the last several years, many of our small-to-medium size clients have been trying to achieve greater profit maximization by fine tuning their full scale production facility. Each has endeavored ...

I asked Prof. Bainbridge whether I could cross-post this from Corporate Finance Lab, and he kindly agreed: What is the purpose of a corporation? Is it, as Nobel Economics laureate Milton Friedman ...