Price is constant. We don’t think of it as a constant, but in reality is what it is. And while it can be a challenge to stay in the industry, the best way to do so is to remain competitive.
In a purely competitive market, firms can sell their wares at whatever price they want. In a purely free market, the same is true, but firms can only sell what they want to sell, so they can’t undercut price. If the firm decides to charge more for their wares, they’ll be caught by price competition from rivals.
This makes sense, but that doesnt mean it is a constant. In a free market, firms can undercut price because there isnt a need for them to do so. Theyre price is determined by the demand for their wares. But in a purely competitive market, no firm can go against the demand of his own customers by charging more for their wares. It can only be undercut by other firms.
And thats the trouble with markets. Because no one is buying from every other firm, every firm is competing with every other firm. Because no one is buying their wares from every other firm, no firm is competing with every other firm, so the constant price is not constant to each firm.
There’s a lot of evidence that the constant price is not constant. For example, in the case of the tobacco business, the price of cigarettes rose with the introduction of the product, but that did not stop people from smoking cigarettes. But the price of cigarettes rose with the introduction of the product, but that did not stop people from smoking cigarettes. Yet they all bought the same product.
The constant price is a price that is constant to the firm that sells it.
The price of a product is the price that the consumer pays. The average price of a product is not constant, but it is constant to the firm that sells the product. That is because the average price of a product is the price that the consumer pays for a product, and it is the same price for everyone.
But not everyone will buy the same product. In a competitive market, the price of a product is the price that the consumer pays for the product. If you offered $20 for a bottle of wine, would you still buy it? Probably not. This is because the average price of a bottle of wine is $15, so the average price per bottle is $0.15.
This is not to say that price does not matter to consumers in a competitive market. It does. However, the average price of a product is the price that the consumer pays for a product. This means that if you offer 20 for a bottle of wine, the consumer will buy the bottle of wine for the same price, regardless of what the firm selling the product says.
You’re not saying that the price of a wine can’t affect the quality of its wine. Sure, some wine companies sell wines for just that price. But the average cost of wine in a given country is also a price for wine. The price of a wine can’t affect the quality of its wine too.
