Business Behavior and Market Structures · Microeconomics
The Theory of the Firm
Analysis of production costs, revenue streams, and the primary objective of profit maximization versus alternative goals.
Key Questions
- 1What incentives drive a firm to prioritize market share over short term profit?
- 2How do diminishing marginal returns dictate the scale of production?
- 3Who benefits when a firm pursues social responsibility instead of profit?
National Curriculum Attainment Targets
A-Level: Economics - Business Behaviour and the Labour MarketA-Level: Economics - Theory of the Firm
Year: Year 13
Subject: Economics
Unit: Business Behavior and Market Structures
Period: Microeconomics
Suggested Methodologies
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