For a typical plumbing firm, price: will <span>equals average total cost.
A market is considered to achieve equilibrium if the amount of Demand in the market is exactly the same as the amount of supply.
From this , we can conclude that if the market is in long-run equilibrium, the price of a product will always match the total cost.</span>
Answer: A clear statement of the problem
Explanation:
The opening of a direct claim message should clearly state the problem that you would like to be addressed by the receiver and would set the tone for the rest of the message.
Claim messages are formal messages and as such, should be clear and concise so that the message is communicated effectively and there is a lesser chance of the message being misread. This is why the message should be clearly stated, so that the receiver understands it and responds in kind.
What is the question you are asking
Answer:
III only.
Cultural attitudes toward antitrust law differ.
Explanation:
Competition law is an area of law that seeks to maintain a level playing field for all participants in an industry by protecting them against anti-competitive conduct by companies.
For example two major players in an industry may collaborate to raise price of goods.
However in foreign competition law we have to consider that cultural attitudes towards antitrust law differs. What is accepted in one country may not apply in another. So there is absence of litigation when considering competition in the foreign scene.
