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About firms in microeconomics
There is a lot of discussion regarding firms and the role they play. Before answering the question of why do firms exist? assignment help, you must understand what these institutions are. A firm is a financial organization which seeks to maximize its potential through the study of the market to predict correct trends of supply and demand.
Firms are the producers of goods and services. Therefore, they help meet demands. Demands are met through various processes. All of these functions take place within the broad spectrum of the firm. There are professionals who are hired to make such decisions. Microeconomics depends on firms for the proper understanding of the business, economic and financial side of the discipline. These companies are the central point of discussion.
Reason for existence
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Our skilled tutors enumerate the reason for existence of firms. They are as follows:
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