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What are the four conditions in place in a perfectly competitive market?
Wiki User
∙ 13y ago
the economy Major of those four are the natural monopoly. geographic monopoly, govrnement monopoly. technological monopoly.
Wiki User
∙ 13y ago
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Why is the demand curve facing a monopolist less elastic than one facing a firm that operates in a monopolistically competitive market?
In a monopoly, the monopolist company is the only product in the market place. However, a company competing in a monopolistically competitive market has multiple "similar" competitors that all try and differentiate themselves with specialized or additional services; i.e. the Italian restaurant serving food only from northern Italy. These companies may be a monopoly in the sense that their niche product is one-of-a-kind, but there are substitute products that can replace them if their price becomes too high to the consumer. As a result, the firm in a monopolistically competitive has a more elastic demand than a true monopolist.
Is it true or false that the invisible hand of competition ensures that only the most efficient producers will survive the market place?
False. The invisible hand works to make businesses more competitive, but never to work towards monopolies.
What do you mean by capital market?
capital market is a market where long term loans are availble that place called capital market
Why are goods and services counted in GDP at market price.are there any disadvantage in using market price tonieasure production?
The intention of the measurement is to capture the value of the total production, which would be market price as estimated by the mechanisms in place to monitor and report GDP, A disadvantage is that it can over or understate true GDP if there is a change in market conditions for some subset of production that does not have another co-linear variable to adjust after the fact.
What crop secured Americas place in the international market place?
Dnd
How can the finance function of an international business improve the competitive position of the firm in the global market place?
i dont no
What factors make Hongkong a favorable place to develop an industry?
Free competitive and fair economic market, low taxes, institutions
What is market stimuli?
Market stimuli is the marketing environment which consist of the four Ps: •Product •Price •Place •Promotion There are also other stimuli which consist of the following: •Economic •Technological •Political •Cultural •Competitive
How market structures determine the pricing and output decisions of businesses?
There are different kinds of markets in different economies/sectors/goods. Accordingly, there are different kinds of output and pricing decisions which take place. Usually, output and pricing decisions are interdependent except for the case of perfectly competitive markets. In perfectly competitive markets, a single firm is so small compared to the market that it cannot affect the prices. In that case, it must take the price as given, and then decide the quantity to be supplied. Price in this market is equal to the marginal cost of production. In monopoly, however, things are different. The monopolist can change the prices, as it is the sole provider of the good and thus has the market power. But here also, if the price increases quantity demanded decreases. Therefore, the monopolist must take under consideration both the positive and negative effects of increase in prices. In another market oligopoly, pricing is a bit more complicated and it depends upon the strategic interaction among the firms.
What is a souk?
A market place in North Africa.
Where are dodge sales the best?
There is no one best place for the best sales for dodge vehicles. It really depends on market conditions for a particular market area and incentive programs a particular area receives.
What is the Market place of yore?
Market Place of Yore : "Agora" .
When was The Market Place created?
The Market Place was created in 1899.
Marketing strategies for garments industry?
First it depends. Will this be B2C or B2B? Essentially you will need to create ad copy for the consumer regardless of the market. Part of the successful marketing tactics will be having display signs and marketing materials ready for retailers or for distributors. You will need to perform a SWOT to find your place in the competitive market place and to devise a strategy that will work for you specified industry. Garments will need to be competitive too, so product analysis/development and placement are going to be big factors.
How is competitive inhibition different from competitive inhibition?
Competitive Inhibition is a substance that binds to the active site in place of the substance while Non-competitive Inhibition is a substance that binds to a location remote from the active site. (:
How is competitive inhibition different from non competitive inhibition?
Competitive Inhibition is a substance that binds to the active site in place of the substance while Non-competitive Inhibition is a substance that binds to a location remote from the active site. (:
On moshi monsters where is the market place on the map?
The market place is on sludge street
