At the height of his fame, Mark Twain was approached by an editor who was assembling a litany of insights into what he would eventually title On the Art of Writing. Never at a loss for a quip or some ...

Learn how monopolies maximize profits by equating marginal cost and revenue. Discover the economic principles guiding price and output decisions in monopoly markets.

For many years, economic thinking has been dominated by a single principle, seemingly simple yet dangerous in its consequences: that a successful company maximizes shareholder profits. This principle, ...

As a business owner, you know that the bottom line is key. No matter what industry your business is in, optimizing profit should be at the top of your priorities. Profit is essential to the success of ...

Forbes contributors publish independent expert analyses and insights. Lien De Pau, founder of The Big Exit. Sell your biz for max value. Do you want your business to be acquired? Maximize your ...

I asked Prof. Bainbridge whether I could cross-post this from Corporate Finance Lab, and he kindly agreed: What is the purpose of a corporation? Is it, as Nobel Economics laureate Milton Friedman ...