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Re: Price floors for dummies and kids.

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Alexdacool300 is not online. Alexdacool300
Joined: 20 Oct 2008
Total Posts: 5842
24 Sep 2013 04:47 PM
Basically when a price floor is enforced in a market two things happen.

1. Consumers find prices less appealing and either reduce their market buying or drop out entirely. We can relate to the NBC market in this scenario.

2. Producers, with no reasonable competition are free to produce more product for less sales. This results in a SURPLUS. This means the market is saturated with products due to over production and under purchasing.

This means that producers will experience little if any benefit and most smaller producers will make a loss.
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Alexdacool300 is not online. Alexdacool300
Joined: 20 Oct 2008
Total Posts: 5842
24 Sep 2013 04:49 PM
economics yo


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SuperJames4848 is not online. SuperJames4848
Joined: 04 Feb 2009
Total Posts: 725
24 Sep 2013 04:49 PM
Except there is no such thing as surplus in Roblox.

Don't give them any ideas.
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deathginx is not online. deathginx
Joined: 13 Oct 2012
Total Posts: 2299
24 Sep 2013 04:50 PM
support homies
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Alexdacool300 is not online. Alexdacool300
Joined: 20 Oct 2008
Total Posts: 5842
24 Sep 2013 04:51 PM
The surplus is too many shirts. There are hundreds of thousands that flood the market but are unnoticed. Standardised pricing refrains them from being competitive and allows major producers like kestrel to thus dominate the market.
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Alexdacool300 is not online. Alexdacool300
Joined: 20 Oct 2008
Total Posts: 5842
24 Sep 2013 04:53 PM
15 year old is a better economist than any roblox staff member

woot
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