0
Cry_of_lord_buddha Posted 18 years ago
Grammar
When the products of several competing suppliers
When the products of several competing suppliers are perceived by consumers to be essentially the same, classical economics predicts that price competition will reduce prices to the same minimal levels and all suppliers’ profits to the same minimal levels. Therefore, if classical economics is true, and given suppliers’ desire to make as much profit as possible.
i have made red color above , i dont understand that part .
can you please explain that part ?
thanks
i have made red color above , i dont understand that part .
can you please explain that part ?
thanks
Top answer
Hi, When the products of several competing suppliers are perceived by consumers to be essentially the same, classical economics predicts that price competition will reduce prices to the same minimal levels and all suppliers’ profits to the same minimal levels . Therefore, if classical economics is true, and given suppliers’ desire to make as much profit as possible. i have made red color above , i dont understand that part .
- Hi, When the products of several competing suppliers are perceived by consumers to be essentially the same, classical economics predicts that price competition will reduce prices to the same minimal levels and all suppliers’ profits to the same minimal levels .
- Therefore, if classical economics is true, and given suppliers’ desire to make as much profit as possible.
- i have made red color above , i dont understand that part .
- competition will reduce prices to the same minimal levels competition will make prices go down to the lowest possible amount.
- competition will reduce .
Get the Weekly English Kit 📬
New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.
1 Answers
0
Hi,
When the products of several competing suppliers are perceived by consumers to be essentially the same, classical economics predicts that price competition will reduce prices to the same minimal levels and all suppliers’ profits to the same minimal levels. Therefore, if classical econo
When the products of several competing suppliers are perceived by consumers to be essentially the same, classical economics predicts that price competition will reduce prices to the same minimal levels and all suppliers’ profits to the same minimal levels. Therefore, if classical econo
0
Related Questions