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Non Determinates Prices Of Sup

Non-determinates Prices Of Sup

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Title: Non-determinates Prices Of Sup

Essay Details:

Subject: Miscellaneous

Author: John M

Date: June 28, 2015

Level: University

Grade: C

Length: 3 / 819

Essay text:

When considering the price of a product, if there are more sellers then there will be more competition; therefore, the price will be at a low cost for the buyers. The sellers will not make a large profit. Moreover, when there is a small amount of sellers then the price can be higher for the buyers. This means the sellers will make a larger amount of profit. For example; there are more sellers for a Toyota Carmry, then there are for Dodge Vipers. This world has experienced a huge technological advancement. Our knowledge in inventing new technologies has allowed us to become more efficient in the production of products...

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