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宝鸡翻译公司关键字：In reality, due to various factors, market participants often can not grasp the industry capacity, changes in demand for sound information. In the business of speculation, investment, the role of time lag effect, among other factors, the short-term market prices are often a serious deviation from the equilibrium price of supply and demand phenomenon. In the absence of other effective reference information, corporate investment decisions is often only the reality of the market price as a basis. As in recent years of China's coke industry, in the context of rapidly growing demand, dealers speculation has pushed up coke price substantially, resulting in a serious shortage of long-term illusion, because the lack of effective information and guidance, coke production and rapid growth, soon there has been a serious excess capacity, companies large losses, investment information is not complete a round of sharp fluctuations of the important factors.In reality, often due to financial, technical, policy and other factors to build a certain amount of industry barriers to entry, if barriers to entry is too large, it will hinder the smooth progress into the new capacity, resulting in the industry is not fully competitive market, companies can not achieve the high cost cost of alternative enterprises, affecting the survival of the fittest for the process, such as is the reform of the electricity monopoly; but if the barriers to entry is too small, trades, businesses can more easily enter the industry, when there is irrational described above price fluctuations, also cause a large number of high-cost capacity to enter, will lead to economic waste of resources. As in recent years China's steel, cement, electrolytic aluminum and other industries, due to lack of market access system and strict enforcement measures in the market boom periods, a large number of technical and management level is not high, local small businesses rush to appear, both crowd out the market, and snatch the resources, to a large extent undermined the industry's overall competitiveness.At the same time, due to sunk costs, policy protection, social burdens, and so factors, the reality of the industry, often there are some barriers to exit, if the exit barriers are too high, when the new capacity brought into the excess capacity, the existing high the cost of production can not be timely exit from the market, which will have a more serious overcapacity, resulting in a reasonable market price lower than the equilibrium level, and will lead to a loss of low-cost production or exit the market, so giving rise to a "superior and eliminating the inferior win "result, obviously would decrease social welfare. As in many traditional Chinese textile industry, local state-owned enterprises still account for a large proportion, and bear a greater intake of job creation, tax revenue tasks, split because of the phenomenon of local interests, and the lack of a sound social security system, while business loss due to poor management, local government and other related subjects often taken into account tax changes, workers' unemployment, social stability and a variety of non-economic factors to save and protect, prevent or delay the loss-making enterprises out of the market in time, affecting the normal functioning of market mechanisms .(C) of the company's actual operating costs and social costs inconsistentIn reality, due to local protectionism and the presence of other non-market factors, some firms tend to resources, land, environment, taxation, financial, etc. enjoy higher real benefits, so that part of the actual operating cost will be lower than it should take social costs, such as many places in China coal enterprises operating in the absence of safety devices, the lack of environmental protection equipment, resulting in a loss to the community and businesses to obtain a profit.
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