They will most likely not raise their prices.
If you look at the kinked demand curve, deviating from the market price will lead to losses for the firm. Increasing the price will lead to a loss in sales as price rigidity is a characteristic of an oligopolistic market, whereas if the firm lowers prices, this will invoke a price war and everyone will end up fighting for lower prices and customers.
Answer:
An environmental impact statement, under United States environmental law, is a document required by the 1969 National Environmental Policy Act to protect the environment.
Therefore, the main purpose of an environmental impact statement is to make sure that the policies in the Act is implemented.
It also lists out the various endangered species in the area on either private or government territories and how best to preserve them from extinction.
The basic role of the European Normal Market was to lay out a tax-free progression of merchandise among part countries. In 1957, the European Normal Market was shaped by six industrialized Western countries to extend exchange by finishing duties and permitting capital.
The Normal Market was an economic deal, not a dispersion place for merchandise. It was exclusively for Western industrialized nations. The Normal Market didn't diminish reliance on unfamiliar oil saves as the Bedouin Ban of the 1970s illustrated. The Normal Market was for industrialized and expanded economies.
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lily's apparel has defined its target market by : <span>Psychographic characteristics
A psychograhic characteristic is a way to define a target market by finding similar attitudes, lifestyle , or value.
By knowing this similarities, we could find a product that will fulfill all the needs that is required by the majority of that market</span>
Non-organic food is cheaper, and often has brand names, which appeal to the consumer more than an organic brand does.
