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Why does free - market system require government regulation?
Producers are driven by the profit motive to work against competition
The regulatory mechanism of the market system is?
competition
What was the goals of the Southerner's in the supporting the annexation of Texas?
It was to avoid competition in the cotton market
Who created market economy?
government and people created market economy . Because government decide the market price . But sometimes people make their own market prices to get more money.
Who is the government attempting to help by discouraging predatory pricing?
Ultimately, the government is trying to protect the consumer. Predatory pricing is used to drive a competitor out of a market, or keep a potential competitor from entering a market. If successful, the entity employing predatory pricing tactics can maintain a monopoly (or near monopoly) in a market and use the lack of competition to set prices anywhere it wants. The consumer, having no choice in a marketplace, is forced to pay whatever the entity chooses to charge.
What is an example of perfect competition?
role of market and government in economy
What is the market structure with the most competition?
Perfect Competition
What is the market concentration ratio of a perfect competition?
The market concentration ratio for perfect competition is Low (Less than 40%).
What is the market structure?
Perfect Competition
What market has no government intervention?
Somalia
Can you find some basic aspect of perfect competition which is essentially absent in stock market?
yes indian stock market perfect competition in market
Types of Market Competition?
Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly
Does perfect competition market exist in the market world?
Check
What is the simplest market structure?
Perfect Competition
Why does even a free enterprise market economy need some government intervention?
Even a free market economy needs government intervention to provide for things that the marketplace does not address.
Different types of market structure?
monopoly,perfect competition,monopolistic competition,
What is market equilibrium under perfect competition?
it is a state in which market demand = market supply
