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Answer to Question #62607 in Other Economics for Hena

Question #62607
Use cost theory to explain how an individual firm may change its production and alter its prices when intecr change feein the UK go down.
Assume the firm operates in a minimalistic competition market structures when the interchange fees go down,explain how consumers are likely to benefit s?
Expert's answer
An individual firm may increase its production and decrease its prices when intechange fees in the UK go down, because the decrease in these fees can decrease the cost of production for this firm.
If the firm operates in a minimalistic competition market structures when the interchange fees go down, then consumers are likely to benefit, because the prices for the production will decrease and they will need to spend less.

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