Re:America produces enough oil to meet its needs, so why do ...
by jsmith99 on Tuesday March 08, 2022 @02:05PM
(#30604588)
Manufacturers are not interest in maximising their social benefit: they want to maximise their profit and this is done by producing fewer items but at a higher price (to be technical, a monopoly would produce until marginal revenue = marginal cost).
Manufacturers can set recommended retail prices but their are limitations to how these can be enforced.
Manufacturers can set recommended retail prices but their are limitations to how these can be enforced.