A major drawback associated with the assessment of income distribution is that they neglect the effects of taxes and in-kind transfers

If the market price faced by a perfectly competitive firm increases, in the short run how does the firm respond?

What will be an ideal response?

Which of the following problems does not affect small firms:

a. scarcity of appropriately-skilled workers b. consumer preference for imported products c. adapting modern technology consistent with the scale of output d. government officials' preference for larger firms e. all of the of the above are problems for small firms