A Critical Review of Competitive Firm’s Theory
Fernando Antonio Noriega Ureña · Journal of Economics, Management and Trade · 2017
Aims: In the first place, to demonstrate that the economic behavior that neoclassical theory attributes to competitive firms is technically inefficient since it does not correspond to the highest possible internal rate of return, which implies the violation of the first theorem o...
Open access
Research Article
10.9734/BJEMT/2017/33194