By On Feb 27, 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.
Profit margins are also fixed by demand and supply. Hence firms cannot set themselves apart by charging a premium for their product and services. For example, it would be impossible for a company like Apple Inc. (AAPL) to exist in a perfectly competitive market because its phones are pricier as compared to competitors.
Perfect competition establishes an ideal framework for establishing a market. But that market is flawed and has a couple of disadvantages. The first one is the absence of innovation.
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