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Theoretically, competition keeps prices low because various firms vie for the business of consumers. When they compete, they attempt to win a larger market share by lowering prices. Therefore, if competition is lacking, prices will increase.
Take a monopoly for example. No competition means they can set really high prices.
What else can I help you with?
Why does free - market system require government regulation?
Producers are driven by the profit motive to work against competition
What did people in the 1860s write with?
They wrote with fountain pens that had to be dipped in inkwells or filled I believe. Mostly they would dip them in inkwells.
Do you believe the US government works as Madison claimed it would?
James Madison had the belief that by instilling a democratic form of government in the United States that the farmers and business owners would learn to work together for the best interests of the country. Many people believe that the US government does work as Madison claimed it would.
Some historians believe that if colonies had been Charter colonies the American revolution would not have occurred do you agree?
In a charter colony all the people who selected the Governor had a say in all the matters, so any promblem could be delt by the people and revolutions would have been avoided.
What did Henry whitfield believe would help mississippians improve their lives?
what did henry whitfield believe would help mississippians improve their lives
Why did some people believe a lack of competition would hurt consumers?
because your father lacked competition with your mom, i knew it hurt her so i banged her :D
Explain how a reduction in the amount of sunlight in an ocean ecosystem could cause greater competition among the consumers?
A reduction in sunlight can lead to decreased primary productivity, limiting the availability of food sources for consumers in the ocean ecosystem. This scarcity of resources can cause increased competition among consumers as they vie for the limited food supply. This heightened competition may result in some species outcompeting others, leading to shifts in the ecosystem's structure and dynamics.
Who made 2012 predictions and do you believe any of the predictions will come to reality?
It is nothing more then a myth and a marketing gimmick used by various people to create instant consumers (consumers here refer to ppl who would consume the information)
What would happen if all the first level consumers were removed from the ecosystems?
Without first-level consumers, there would be an imbalance in the ecosystem. This would lead to overpopulation of primary producers, resulting in competition for resources and potential ecosystem collapse. Higher-level consumers would also be affected due to lack of food sources.
What methods did ruthless business operatorues ues to eliminate their competition?
Ruthless business people would lower their prices to put their competition out of business. Once their competition was gone, they would raise their prices.
What is Balance constitution?
The most balanced phrase ever: "Do on to others as you would have done on to you" I believe 99% of the people would abide by this. Money is the obstacle. Money makes things unfair and competative. Competition makes the power which is a never ending cycle.
Why would anyone want to enter a profitable industry knowing that profits would eventually be eliminated by competition?
It is not certain that anyone's profits will eventually be eliminated by competition; it is in the nature of competition that you have a chance of winning, as well as a chance of losing. And lots of people enjoy competition.
Would you consider people to be producers consumers or both?
People can be both producers and consumers. As producers, they create goods or services to meet the needs of others. As consumers, they use resources to satisfy their own needs or desires by purchasing goods or services.
What people would worship dionysus?
People who would believe in him. Could be anyone.
What would happen to the secondary consumers it the primary consumers were eliminated?
If primary consumers were eliminated, secondary consumers would face a significant decline in their food sources, leading to starvation and population decrease. This could result in increased competition among secondary consumers for remaining resources and may also disrupt the entire food web, ultimately affecting higher trophic levels. Additionally, the ecosystem could become imbalanced, as primary producers might proliferate without herbivores to control their populations.
What would happen if people doesn't believe in God?
People would find different reasons to inflict suffering on others.
Which situation would not encourage competition?
A situation where there is a monopoly, where one company or entity dominates the market without any competitors, would not encourage competition. In such cases, consumers have limited choices, and the dominant entity can set prices and control market conditions without the pressure to improve or innovate. Additionally, regulatory barriers that prevent new entrants from joining the market can also stifle competition.
