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piasecki an introduction 2011

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The purpose of the present book is to show the possibility of developing a quantitative description of the action of „invisible hand” on the market. This is why the text is based on appropriate mathematical expressions, even though they are kept purposefully at the possibly simplest level.

This volume constitutes a continuation of the considerations from the first volume of “Introduction to a theory of market competition”, in which territorial expansion strategy of companies has been analysed, this strategy allowing for expansion of sales and lowering of prices.

 

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