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Prices in a market are generally set by the highest bidder and/or the cheapest provider. Imagine four apple juice providers. It costs each of them $1 to produce one gallon of apple juice. To make a living, each charges an additional 50 cents and sells it for $1.50. Another provider enters the market, doesn't understand his own costs, and sells for 90 cents. Everybody else has to compete, and they all go out of business.
Another form is when the fifth provider understands his costs perfectly but charges 90 cents anyway because he is confident that he can outlast his competitors. Once they go out of business, the demand is still high, he undersupplies the market and raises his price up $2.50/gallon where the diehard apple juice fans are still willing to pay.
Angelita Mertz
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What is the root word of ruinous?
The root word of "ruinous" is "ruin," which means to destroy or bring to an end.
When was No Ruinous Feud created?
No Ruinous Feud was created in 1973-01.
How do you use the word ruinous in a sentence?
The city had suffered a ruinous series of natural disasters. The couple's lifestyle resulted in ruinous personal debt, and eventual bankruptcy.
Can you give you a sentence using the word ruinous?
The girl was trying be ruinous to the other students.
What is a 5 letter word beginning with r that means violent?
raging, riotous, rough, ruinous.. :D
What is the meaning of ruinous?
Causing, or tending to cause, ruin; destructive; baneful; pernicious; as, a ruinous project., Characterized by ruin; ruined; dilapidated; as, an edifice, bridge, or wall in a ruinous state., Composed of, or consisting in, ruins.
How many syllable in the word ruinous?
3
What is the name of a gift proving ruinous to the recipient?
White elephant
What is the noun of ruinously?
The word 'ruinously' is the adverb form of the adjective 'ruinous'.The word 'ruinous' is the adjective form of the noun ruin.The word 'ruin' is also a verb: ruin, ruins, ruining, ruined.
What is the synonym of fatal?
disastrous, devastating, crippling, catastrophic, ruinous, calamitous, lethal, deadly, mortal, final, killing, terminal, malignant
Can you please use gophers in a sentence?
They are very cute, but gophers are ruinous to an attractive lawn.
What are synonyms for disastrous?
terrible, devastating, tragic, fatal, catastrophic, ruinous, calamitous, cataclysmic
