By Doris RufOn Mar 14, 2019 Free Resume
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.
In the event of pregnancy-related illness before or after the parental leave period, benefits are available under the disability and sick leave provisions of the Company’s disability benefit plan and are not intended to be covered by this policy.
Governments play a vital role in market formation for products by imposing regulation and price controls. They can control entry and exit of firms into a market by setting up rules to function in the market. For example, the pharmaceutical industry has to contend with a roster of rules pertaining to research, production, and sale of drugs.
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