How profit management different from cost or loss management


Problem

What is profit management? How is it different from cost or loss management? How does Mises' system of dividing components of business help direct profits to efficient units? How does this relate to decision rights?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How profit management different from cost or loss management
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