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Rudik [331]
3 years ago
11

Jonathan's company has been operating under restrictions placed by the state government. His company now has to issue public sta

tements
regarding the safety of its products. It has also been required to recall all its current products. The government on its own, has also introduced
new taxes that would affect all businesses in the state where Philip's company operates. What kind of controls has the government used to
regulate Jonathan's company and to regulate businesses in the state?
Business
1 answer:
Natasha2012 [34]3 years ago
5 0

Answer: direct and indirect

Explanation:

Right on Plato

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Answer:

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A perfectly competitive market is a market with many firms selling identical product. There are free entry and free exist and the decision of a firm does not affect the price in the market as all firms are price takers. Therefore, each firm is independent under perfectly competitive market and production decisions of a firm in a perfectly competitive market does not affect the price in the market nor will it cause any reaction from other firms.

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