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The common definition of price fixing is?
When companies agree to set prices artificially high.
Why is the mixed economy the best for the country?
In a mixed economy, the free market still has competition to improve the product as well as set prices, while the government can intervene to make sure that companies cannot harm customers by making sure that companies cannot do things like put lead in their products.
Can a perfectly competitive firm set a price for its products that is above marginal cost?
A perfectly competitive firm would set its prices at a perfectly competitive price.
Why in a free market there is competitive prices offered?
Because in a free market, consumers have to choose between different companies. A company always wants more customers than all the other companies, so it will make its prices slightly lower, thus, encouraging consumers to buy their products at that particular companies stores.
What are buyers?
Buyers are consumers -- the people in an economy who purchase goods and services. There are also professional buyers, who work for companies to get the best products at the best prices.
Was a new deal program that set prices of many products to ensure fair competition?
The National Industrial Recovery Act was a New Deal program that set the prices of many products to ensure fair competition.
The common definition of price fixing is?
When companies agree to set prices artificially high.
What is the main component that keeps prices low in capitalism?
Within Capitalism, there are many businesses who sell similar products. If one company were to raise their prices of their products higher than another company, then people would buy the products of the company who kept their prices lower. So, companies are forced to keep their prices low so that people will continue to but their products. In short, competition is what keeps prices low in capitalism.
Which diabetic supply company has the lowest prices?
Different supply companies have different prices on products at different times so it is difficult to say which company has the lowest prices. It would be a good idea to find which company carries the products you currently use at the lowest rates.
What was a new deal program that set prices of many products to ensure fair competition?
The National Industrial Recovery Act was a New Deal program that set the prices of many products to ensure fair competition.
Why are apples and oranges perfect competition?
Increasing competition can lead to the fact that the prices of these products are lowered by the producing companies involved.
What is pricing?
the price of something is the cost of it. i hate expensive prices. dont you?
Why is the mixed economy the best for the country?
In a mixed economy, the free market still has competition to improve the product as well as set prices, while the government can intervene to make sure that companies cannot harm customers by making sure that companies cannot do things like put lead in their products.
Why in a free market there is competitive prices offered?
Because in a free market, consumers have to choose between different companies. A company always wants more customers than all the other companies, so it will make its prices slightly lower, thus, encouraging consumers to buy their products at that particular companies stores.
Where can I find good pool cleaning products?
I have noticed pool cleaning products at HomeDepot and Lowes when I shopped for other products. I have not utilized those products myself, as I do not have a pool; but, these are reputable companies and if I had a pool, I would try their products, as the prices at HomeDepot and Lowes are quite reasonable.
Can a perfectly competitive firm set a price for its products that is above marginal cost?
A perfectly competitive firm would set its prices at a perfectly competitive price.
What are some basis that scaffolding rental companies set their rental prices on?
It is mostly based on size and shape of the building. The companies did ask where the scaffolding would be and what date they would be used.
