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Aleks04 [339]
3 years ago
5

Firms in a perfectly competitive market are said to be "price takers"—that is, once the market determines an equilibrium price f

or the product, firms must accept this price. If you sell a product in a perfectly competitive market, but you are not happy with its price, would you raise the price, even by a cent?
Business
1 answer:
Phantasy [73]3 years ago
8 0

Answer:

No, you wouldn't raise the price, not even by a cent.

Explanation:

The <em>equilibrium price</em> in a perfectly competitive market means that, when goods are sold at that price, there is no excess or shortage of the goods. The demand and the supply are equal.

If you were to rise your price above the equilibrium price, then the consumers will prefer to buy their goods from the rest of the firms that are selling at the equilibrium price. Your supply wouldn't sell. You would eventually be forced to accept selling your goods at the equilibrium price.

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fgiga [73]

Answer:

Discrimination against women and other minorities

Explanation:

The most likely ground for concern would be Discrimination against women and other minorities.

Diversity in the workplace means that an organization employs a diverse team of persons that reflects the views of the society in which it exists and operates. Through diversity and inclusion, no employee is treated unfairly on account of their gender, race, ethnicity.

Discrimination in labor markets, occurs when workers who have the same skill levels by education, experience, and expertise receive different pay because of their race or gender.

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3 years ago
Explain the effect of a tariff on consumer surplus and producer surplus.
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The increase in the domestic price of both imported goods and the domestic substitutes reduces the amount of consumer surplus in the market. Tariff effects on the importing country's producers. ... The increase in the price of their product on the domestic market increases producer surplus in the industry.
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3 years ago
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3 years ago
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Since NYC Marketing gave celebrities new, frayed caps with the logo for its sanitation department, this can motivate people to start buying the goods sold by the company.

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Sav [38]

Answer:

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Explanation:

6 0
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