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Why do small business owners find themselves confronted more often with ethical choices?
Surge Prices
A dynamic pricing strategy that increases prices in response to high demand and limited supply, commonly used in ride-sharing services.
Determinants of Market Demand
Factors that influence the total demand for a product or service in a market, including price, income levels, tastes, and population demographics.
Law of Demand
A principle that states there is an inverse relationship between the price of a good or service and the quantity of it that consumers are willing to purchase.
Determinants of Market Demand
Factors that influence the total quantity of a good or service that consumers in a market are willing and able to purchase at various prices.
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Q97: Ethics are about following cultural norms.
Q98: What are ways a firm can "focus"