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How companies find a set of prices that maximize the profits from total product mix?
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What is meant your curse of competitive markets?
It is hard to find profitable project.High profits in product market attract competitors.competitors put downward pressure on prices and profits.
What do monopolist do to maximize profits?
by eliminating competition to control prices
Why do businesses compete for free enterprise system?
To gain profits
Before government approves a merger what must the companies prove the merger would do?
lower costs and consumer prices or lead to a better product
What is a cartel?
a group of producers working together to raise prices and profits
What were trust?
two or more companies that combined with the purpose of raising prices and lowering output, giving the trustees the power to control competition and maximize profits at the public's expense. These trust agreements would result in a monopoly.
What were trust agreements?
two or more companies that combined with the purpose of raising prices and lowering output, giving the trustees the power to control competition and maximize profits at the public's expense. These trust agreements would result in a monopoly.
What is meant your curse of competitive markets?
It is hard to find profitable project.High profits in product market attract competitors.competitors put downward pressure on prices and profits.
Why does the government allow gas prices to rise even as the oil companies profits increase They are raping us and your government does not care Why?
Higher gas prices, more tax money.
What is price-skimming strategy?
price-skimming strategy uses different pricing phases over time. Initially, prices are set high to maximize profits and then gradually reduced to generate additional
What are cooperative industries?
Generally, cooperatives are companies or business' started by the users, any profits being passed on to the users, often by reducing prices.
What do monopolist do to maximize profits?
by eliminating competition to control prices
Why do businesses compete for free enterprise system?
To gain profits
Why would prices go up if workers get a higher wage?
Prices would go up because companies would need to make the extra money to pay the higher wage and keep their profits.
Before government approves a merger what must the companies prove the merger would do?
lower costs and consumer prices or lead to a better product
Effects of hacking and of piracy on society?
Hacking and piracy causes product's prices to increase. When companies are getting the money they expected, they increase their prices to recoup their loses.
How can stock prices go up even when companies are not making money?
There is a misconception between stock price and companies profitability or lack there of. The price of a stock is public perception of the companies value. The earnings (profits) the company reports represents the strength and market value of the company.
