Abstract
In the real world it is unlikely that we will find the situation of perfect competition, where there are many small firms competing for the best use of resources in the sale of one product. In this situation, demand and supply are in balance at the price offered in the market; profit is ‘normal’, and exploitation is not possible.
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© 1991 Francis P. McHugh
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McHugh, F.P. (1991). Ethics and the Consumer. In: Ethics. In Business Now Series. Palgrave, London. https://doi.org/10.1007/978-1-349-12149-6_6
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DOI: https://doi.org/10.1007/978-1-349-12149-6_6
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-54446-4
Online ISBN: 978-1-349-12149-6
eBook Packages: Palgrave Social & Cultural Studies CollectionSocial Sciences (R0)