Perfectly competitive markets incorporate forces that inevitably drives byers and sellers towards the point of equilibrium. Which of the below moral values is not achieved? a) lead buyers and sellers to exchange their goods in a just way, b) maximise the seller's profits, c) maximise the utility of the buyers and sellers, d) bring about the acheivements in a way that respect buyers and sellers

Perfectly competitive markets incorporate forces that inevitably drives byers and sellers towards the point of equilibrium. Which of the below moral values is not achieved? a) lead buyers and sellers to exchange their goods in a just way, b) maximise the seller's profits, c) maximise the utility of the buyers and sellers, d) bring about the acheivements in a way that respect buyers and sellers

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter10: Strategy: The Quest To Keep Profit From Eroding

Section: Chapter Questions

Problem 10.5IP

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