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If Business Owners Care Only About Making Money,what Would Be

question 25

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If business owners care only about making money,what would be the likely result if they are competing with discriminating businesses


Definitions:

Midpoint Formula

A method used in geometry to find the midpoint or the center point between two points on a line segment.

Absolute Value

The non-negative value of a number regardless of its sign.

Elasticity

a measure of how much the quantity demanded or supplied of a good responds to a change in one of its determinants, such as price.

Quantity Effect

The change in quantity demanded or supplied as a result of changes in price.

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