The value of some objects increases relative to other objects.
The price of all goods will rise over time.
Competition among consumers increases prices.
The correct answer is competition among consumers increases prices.
Economic intuition suggests that increased competition generates lower prices. However, recent theoretical work shows that a monopolist may charge a lower price than a firm facing a competitor selling a differentiated product.
Competition among buyers increases prices and allocates goods and services to those people who are willing and able to pay the most for them. Competition among sellers results in lower costs and prices, higher product quality, and better customer service.
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Antitrust Law is the branch of law that is responsible for regulating trade by prohibiting illegal restrictions, price fixing and monopolies. It seeks to promote competition among existing companies in a market and the promotion of the quality of goods and services at the lowest possible price, guaranteeing an efficient market structure.
The Antitrust Law aims to promote "fair competition" among companies. It has had an important effect on business practices and the restructuring of the industrial sector in the countries where it has been adopted. Based on the premise that free trade benefits both consumers, businesses and the economy in general, the law prohibits different types of trade restrictions and the abuse of monopolization.
In 1890 the Sherman Antitrust law was established, which is considered the birth of the current antitrust policies. Subsequently, the Congress amended the law repeatedly during the fifties and thus they were adding the set of laws that make up the current Antitrust law.
always predictable
only estimates
accurate within a few years
the dates assigned to the Earth are only estimates, nobody knows the EXACT date of the Earth
Answer:
Industrialization by import substitution.
Explanation:
Import Substitution Industrialization (ISI) is an economic theory that argues that a country, to achieve its development, must transform the raw materials it has instead of exporting them. That is, according to this current of thought, the State should encourage the local manufacture of first-order goods that reach the final consumer.