Investors seeking to take over a firm often bid a positive price for the business even though

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Investors seeking to take over a firm often bid a positive price for the business even though it is currently experiencing losses. Why would anyone ever bid a positive price for a firm operating at a loss?

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Economics Private And Public Choice

ISBN: 9780357133996

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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