economic profit Archives | Acquisition Talk

February 19, 2020 Eric Lofgren 0

Suppose it costs the parts supplier $100 to make the parts. To this he adds 10 percent for profit. He then charges the motor manufacturer […]

January 9, 2019 Eric Lofgren 1

This is part one in a three part guided reading of Friedrich Hayek’s classic paper, The Meaning of Competition. Let’s jump right into it…