Answer:
A competitive price-searcher market is a market where there are low entry or exit barriers, and the suppliers can determine the price of their products. Some economists believe that this type of market is inefficient because the suppliers are not able to sell enough output in order to minimize their average costs. Since the demand is very elastic in price searcher markets, any price change will cause a drastic change in the quantity demanded.
Price searcher markets share a lot of similarities with perfect competition markets, the main difference is that suppliers and consumers are not price takers. This means that any supplier can change their sales output by changing their price, which leads to greater competition.
Ashley is not happy. (is this the full question?... it looks like it is missing the last sentence
If a company sells a product at a price that is less than the cost of producing the product, then it is engaged in dumping.
<h3>What do you mean by a Product?</h3>
A product refers to any product, goods, or services intended for sale purposes. Goods, services, experiences, shopping, convenience, specialty goods, consumer goods, and industrial goods are the different types of products.
Dumping refers to when a company or country exports a product that is lower in the foreign market than the domestic export market. According to World Trade Organization, dumping is legal.
Therefore, Dumping is when a company sells a product that is lower than the cost of producing the product.
Learn more about the product here: brainly.com/question/22852400
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Answer:
B: In general, people are honest
Explanation:
This is because<em> business ethics</em> is the study of appropriate business policies and practices regarding potentially controversial subjects including corporate governance,<u> insider trading, bribery, discrimination</u>, corporate social responsibility, and fiduciary responsibilities.
