Fish_Tan
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Perfectly competitive firms earn zero economic profits is a classical conclusion in economics. The reason is simple: when many firms produce the same products in the same market, price wars are likely inevitable until prices are driven down to cost levels. Thus, to avoid price wars or, in other words, to gain pricing power, companies need to find ways to build a moat that protects them from competitors, such as developing unique ...
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Fish_Tan
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Hi, mooers!
As the first half wraps up, we witnessed a series of remarkable events in the stock market that have captured the world's attention! The US stock market has maintained momentum, from the AI boom to meme stocks mania, the US election year, and the expectations of rate cuts; these events have created a lot of buzz.
Now, let’s take a trip down memory lane and revisit these key moments that have shaped our shared experiences.
As the first half wraps up, we witnessed a series of remarkable events in the stock market that have captured the world's attention! The US stock market has maintained momentum, from the AI boom to meme stocks mania, the US election year, and the expectations of rate cuts; these events have created a lot of buzz.
Now, let’s take a trip down memory lane and revisit these key moments that have shaped our shared experiences.