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What determines how the burden of a tax is divided between buyers and sellers?

The burden of tax is divided between buyers and sellers by the forces of supply and demand.


When will equilibrium between buyers and sellers happen?

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What are the benefits of direct marketing to both buyers and sellers?

There are various benefits of direct marketing to both he buyer and seller. Sellers can choose their market and buyers can easily purchase products.


Which market is the most competitve in economics?

A perfectly competitive market: 1) many buyers and sellers 2) no individual has influence over the market: buyers and sellers are price takers. 3) no barriers to entry 4) goods are perfect substitutes (no differentiation between products)


What are the key differences between perfect competition and imperfect competition in the market structure?

In perfect competition, there are many buyers and sellers, products are identical, and there are no barriers to entry. In imperfect competition, there are fewer sellers, products may be differentiated, and there may be barriers to entry.


How do you define the market?

The market is the place or venue where buyers and sellers meet to exchange products or services.


What is the difference between a tax paid by buyers and tax paid by sellers?

the only difference between tax paid by buyers and tax paid by sellers is who sends the money to the government. Manga economics student


What determines how the burden of tax is divided between buyers and seller?

The burden of tax is divided between buyers and sellers by the forces of supply and demand.


Why there is a large number of sellers and buyers in monopolistic competition?

large numbers of buyers and sellers


What are business ethics and how are they developed?

Ethical principles, Norms and Rules jointly agreed upon by industry stakeholders to improve relationships between sellers & buyers of products & services.


Monopolistic competition occurs where?

a large number of buyers and sellers exchange relatively well-differentiated products


What is the freely chosen activity between buyers and sellers of goods?

Free trade?