US Fair trade Laws

US Fair trade Laws


H
Asked by 2 years ago
0 points

US Fair trade Laws

The aims of competition (anti-trust) laws are to ensure that consumers pay the lowest possible price (the most efficient price) coupled with the highest quality of the goods and services which they consume. This, according to current economic theories, can be achieved only through effective competition. Competition not only reduces particular prices of specific goods and services - it also tends to have a deflationary effect by reducing the general price level. It pits consumers against producers, producers against other producers (in the battle to win the heart of consumers) and even consumers against consumers (for example in the healthcare sector in the USA). This everlasting conflict does the miracle of increasing quality with lower prices. Think about the vast...

US Fair
hemsworth

1 Answer

H
Answered by 2 years ago
0 points

Oh Snap! This Answer is Locked

US Fair trade Laws

Thumbnail of first page

Excerpt from file: USFairtradeLaws Theaimsofcompetition(antitrust)lawsaretoensurethatconsumerspaythe lowestpossibleprice(themostefficientprice)coupledwiththehighestqualityof thegoodsandserviceswhichtheyconsume.This,accordingtocurrenteconomic theories,canbeachievedonlythrougheffectivecompetition.Competitionnotonly...

Filename: us-fair-trade-laws-61.docx

Filesize: < 2 MB

Downloads: 0

Print Length: 6 Pages/Slides

Words: 193

Your Answer

Surround your text in *italics* or **bold**, to write a math equation use, for example, $x^2+2x+1=0$ or $$\beta^2-1=0$$

Use LaTeX to type formulas and markdown to format text. See example.

Sign up or Log in

  • Answer the question above my logging into the following networks
Sign in
Sign in
Sign in

Post as a guest

  • Your email will not be shared or posted anywhere on our site
  •  

Stats
Views: 2
Asked: 2 years ago

Related