In a perfectly competitive market where there is virtually no product differentiation, what do you think are the priorities

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ECN 601 Week 2 Discussion 1

In a perfectly competitive market where there is virtually no product differentiation, what do you think are the priorities or focus of a firm? How could a firm increase profits?

ECN 601 Week 2 Discussion 2

Explain a situation you have observed (or read about) in which a firm made a decision considering irrelevant costs or did not consider relevant costs. What was the outcome of the decision, and what could have been done differently?

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