Answer to Question #18226 in Economics of Enterprise for edralin
A firm signs a contract to provide maintenance services at a fixed rate for the next five years would be affected by fairly rapid inflation?
Firm would not be affected by fairly rapid inflation, because it freezes its expenses. It would have only positive effect, because all competitors would have to increase their prices because their expenses increase.
From a young age, our brains develop to the world around us, the environment we live in, and the people…
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