Episode 48: Theory of the Firm - The Science of Everythin...

What this episode covers

A discussion of the nature of the firm, the different types of firms, and the reasons for the existence of firms. This leads to an overview of the objectives of firms, including decisions regarding how to produce and the profit maximizing quantity to produce, and a discussion of the implications of this behavior for consumers and the economy at large. Recommended prelistening are Episode 12: The Price System and Episode 16: Profits and Competition.

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Frequently Asked Questions

How long is this episode of The Science of Everything Podcast?

This episode is 49 minutes long.

When was this The Science of Everything Podcast episode published?

This episode was published on July 9, 2013.

What is this episode about?

A discussion of the nature of the firm, the different types of firms, and the reasons for the existence of firms. This leads to an overview of the objectives of firms, including decisions regarding how to produce and the profit maximizing quantity...

Can I download this The Science of Everything Podcast episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.