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An analysis of the existing price structure helps one understand the kind of competition and the type of market structure prevailing in the market. From a consumer point of view it helps him understand what are the chances or the level of soverignity that he enjoys and the bargaining power he possess in the system. - Sanal Mathew John

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Q: How can prices be used as a signal in the market?
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Prices are a mechanism by which commodities are efficiently allocated in ideal conditions; prices send a signal about the value of a commodity.


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A market in which no one controls the prices is called?

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