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enyata [817]
3 years ago
15

In capitalism, what does competition do for consumers?

Business
1 answer:
borishaifa [10]3 years ago
7 0

It keeps prices fair for consumers who are trying to buy there products.


- R3KTFORGOOD ☕

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above $3.00

Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service. A price ceiling is non binding if it set above equilibrium price. So price above $3 is non binding. A non binding price ceiling has no effect on the market price.

Price ceiling is binding if it is set below equilibrium price.

Equilibrium price is where the demand and supply curve intersects.

I hope my answer helps you

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Voidable Contract

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Some reasons that may lead to the withdrawal of the contract are misinterpretation, coercion and fraud etc.

It is a valid contract that can be declared invalid. It is different from VOID as earlier pointed out as a void contract cannot be enforced by either party. Examples of voidable contract are found in real estate contract, lawyer contract and so on.

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