Patents
Literature
Patsnap Eureka AI that helps you search prior art, draft patents, and assess FTO risks, powered by patent and scientific literature data.

2 results about "Loss minimization" patented technology

Loss minimization. the objective of the FIRM in the SHORT RUN when confronted with adverse market conditions that prevent PROFIT MAXIMIZATION. Profit maximization or loss minimization requires the firm to produce at that level of output where MARGINAL COST equals MARGINAL REVENUE.