By Gerda MenzelOn Apr 11, 2019 Free Resume
Many states charge filing fees for a business that incorporates in the state, whether the business operates there or not. A business that is incorporated in one state and is physically located or doing business in another state must register in the other state as well, which involves paying that states filing fees and taxes.
In a perfectly competitive market, however, such moats do not exist. Information is equally and freely available to all market participants. This ensures that each firm can produce its goods or services at exactly the same rate and with the same production techniques as another one in the market.
Limited to zero profit margins means that companies will have less cash to invest for expanding their production capabilities. An expansion of production capabilities could potentially bring down costs for consumers and increase profit margins for the firm.
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