i cant think of how
i know that profits (or losses) are what drives the market
2006-11-05 08:08:21 · 3 answers · asked by SWANY 2 in Social Science ➔ Economics
in theory no -- in the real world yes. you have to remember economics is theory. the theory isn't based on un ethical business and government practices.
2006-11-05 08:17:53 · answer #1 · answered by Anonymous · 0⤊ 1⤋
In theory - NO
In the real world - NO
"Excessive" has no precisely defined meaning. It means something different for everyone. If a term has a different meaning for everyone, then it has no meaning at all.
Think about this. The same people who think a $10 Billion profit for Exxon is excessive, are the same people who thought the $250 Billion US government "surplus" was wonderful. "Excessive" is meaningless.
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2006-11-05 09:06:39 · answer #2 · answered by Zak 5 · 0⤊ 1⤋
Monopoly profits are excessive in theory, but in practice true Monopolies are usually regulated.
2006-11-05 11:46:31 · answer #3 · answered by meg 7 · 1⤊ 1⤋