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

The revenue-maximizing price is the cost at which a business will make the most revenue for a given item. In order to find the price that will maximize revenue, a business must either experiment with ...

With the pressure to increase net income intensifying, hospitals are finding new urgency in the old saw, “every dollar counts.” No longer can health systems focus their efforts on optimizing their ...

In my consulting work, one question I occasionally receive is “How do you get marketing, sales and account services to work together?” Similarly, “How do you overcome conflict between these different ...