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What do you call the amount you must pay for a good or service in a market?
Wiki User
∙ 11y ago
Market Price
Wiki User
∙ 11y ago
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What is the amount at which a good or service will be sold at a market?
mixed economy
What is market power?
Market power refers to an extent to which a firm can raise the market price of a good or service over its demand, supply or both. Generally, it refers to the amount of influence, which a firm has on the industry in which it operates.
Which of these is one way to quantify the value of a good or service?
You can quantify the value of a good or service by doing a market comparison of that good or service.
What determines prices in the market?
The cost of producing a good or service along with the demand for that good or service.
What is a goods market and a factor market?
Markets used to exchange final good or service.
Is using an email newsletter service a good choice?
it depends on what you are planning to use the service for, and what you are planning to market; if you have a need in the market, then yes, you will get a response.
What is the amount of a good or service needed?
bsd
What is the word for how much a good or service will be sold in the market?
Retail price?
What is the best situation where an oligopoly exists?
A small number of producers command nearly the entire market for a certain good of service
What is the amount of money exchanged for a good or service?
PRICE
What is the difference between cash and price?
Price is the amount consumers pay to acquire a good or service whereas cost is the amount used to produce a service or good. Cash is the money in your pocket.
How does a surplus or a shortage of a good or service affect the market price?
A surplus or a shortage of a good or service affects the market price directly. When there is a surplus, the prices goes down and when there is a shortage the price increases due to the demand levels.
