Tag: Pricing

Economic Knowledge

Market Structure Pricing and Output Decision

I write a summary of market structure and how it affects the pricing and output decision based on Keat, P., and Phillip Young. 2008. Managerial Economics, 6th edition. Pearson (KY) e-book. The firm needs to establish its price and output levels to achieve its business objective of profit maximization. The pricing and output decision can […]

Economic Knowledge

What is Cost Structure

What is the key point for management to understand how to formulate the cost structure of the business? The management needs to analyze several factors before take a decision about it. I write a summary about cost structure based on Keat, P. and Phillip Young. 2008. Managerial Economics, 6th edition. Pearson (KY) e-book. Cost Structure […]

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