In the long run, a profit-maximizing firm would never knowingly market unsafe products. However, in the short

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"In the long run, a profit-maximizing firm would never knowingly market unsafe products. However, in the short run, unsafe products can do a lot of damage." Discuss this statement.

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Managerial Economics

ISBN: 978-0324588866

12th edition

Authors: Mark Hirschey

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Question Posted: Feb 13, 2015 09:47 AM

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In the long run, a profit-maximizing firm would never knowingly market unsafe products. However, in the short

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The marketing of unsafe products is clearly inconsistent with lon...View the full answer

Managerial Economics

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