Ask Question
BusinessBusiness
3 September, 13:05

Markets can: provide unlimited goods and services. force producers to make things they do not want to make. force buyers to buy things they do not want to buy. make buyers and sellers better off.

+4
Answers (1)
  1. 3 September, 14:53
    0
    Make buyers and sellers better off.

    Markets give increased competition, where buyers have a range of options where they choose to purchase from. Any seller overcharging will not sell their product because customers can choose to purchase from the seller's competitors. Sellers can also be better off because their supplies can also be bought from the best value competitor.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Markets can: provide unlimited goods and services. force producers to make things they do not want to make. force buyers to buy things they ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Some people say that investing their hard-earned money in the stock market is like a form of gambling, and that it is no safer than playing blackjack in Las Vegas. Is this true? Why or why not? Support your answer with at least three facts.
Answers (1)
At the end of the year, Brinkley Incorporated's balance of Allowance for Uncollectible Accounts is $3,000 () before adjustment. The company estimates future uncollectible accounts to be 4% of credit sales for the year.
Answers (1)
A reaction has a rate constant of 0.00871 sec-1, how much of the compound (in mol/L) is left after 1.66 sec, if there was 0.903 mol/L at the start? (give answer to 3 decimal places) ?
Answers (1)
Which of the following pairs of elements are likely to form an ionic compound? Check all that apply. Check all that apply. lithium and chlorine potassium and oxygen sodium and neon cesium and magnesium oxygen and bromine nitrogen and fluorine
Answers (1)
You are an efficiency expert hired by a manufacturing firm that uses K and L as inputs. The firm produces and sells a given output. If w = $40, r = $100, MPL = 20, and MPK = 40 the firm: A. is cost minimizing. B.
Answers (1)
New Questions in Business
Bill Casler bought a $2000, 9-month certificate of deposit (CD) that would earn 8% annual simple interest.
Answers (1)
You win $200 in a basketball pool. You have a choice between spending the money now or putting it away for a year in a bank account that pays 3% interest.
Answers (1)
Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 20 bushels of corn or 5 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland.
Answers (1)
Knowing that Graeter's competes with multinational corporations as well as small businesses, would you recommend that Graeter's expand by licensing its brand to a company in another country? Why or why not?
Answers (1)
Sally overhears a phone conversation in an elevator of her office building in N. Y. C. discussing top secret financial matters regarding a corporation.
Answers (1)
Home » Business » Markets can: provide unlimited goods and services. force producers to make things they do not want to make. force buyers to buy things they do not want to buy. make buyers and sellers better off.
Sign Up Forgot Password?