Question: Would the following factors increase or decrease the ability of domestic manufacturers to raise prices and profit margins? Explain the reason why it is so.

Would the following factors increase or decrease the ability of domestic manufacturers to raise prices and profit margins? Explain the reason why it is so.

7.1 Elimination of uniform product safety standards.

7.2 Increased import tariffs (taxes).

7.3 Increased import quotas.

7.4 A rising value of the baht that has the effect of lowering import prices.

7.5 A tax on price advertising.

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