usually will increase as well
Supply goes up, so competition rises - and prices should go down, unless demand increases comeasurately.
Competition helps to keep the quality high and prices down. If competition decreases, the quality can go down and the prices can go up in that industry.
Given supply, if demand of any good increases it raises the prices of the good.
the prices increases, and the goods become expensive.
When a firm closes down its business, it implies less competition in the field and hence, lesser need to cut prices and stay afloat. Therefore, though a firm shuts down, the overall profitability increases. It has been said that competition is waste, monopoly is efficient.
by eliminating competition to control prices
This is why you don't use Answers.com! COMPETITION **** :)
Supply goes up, so competition rises - and prices should go down, unless demand increases comeasurately.
Competition helps to keep the quality high and prices down. If competition decreases, the quality can go down and the prices can go up in that industry.
More companies entering the Games business should lead to more competition and a lowering of prices.
Given supply, if demand of any good increases it raises the prices of the good.
increased competition among buyers
the prices increases, and the goods become expensive.
People are out of work and prices go up.
When a firm closes down its business, it implies less competition in the field and hence, lesser need to cut prices and stay afloat. Therefore, though a firm shuts down, the overall profitability increases. It has been said that competition is waste, monopoly is efficient.
According to the law of supply and demand when supply increases, prices will decrease.
Prices increase due to the increase in production costs.