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The Market and Various Forms of Market
SUBJECT : Managerial Economics
PUBLISHED ON : 15/03/14
NUMBER OF PAGES : ( 16 Pages)
PRICE : Rs 12

The determination of prices of the products is an important managerial function.Price affects profits through its effect both on revenue and cost. Total profit is the difference between total revenue and total cost. Total revenue is the sale proceeds of the firm at a single price or at different prices.

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