Oligopoly.
total control.If someone creates a monopoly of market for a particular product, they have nearly all control over the sales and distribution of that product. This is bad for consumers, as it generally means high prices without the ability to shop around for a cheaper product or service.
If supply increases and demand remains unchanged then lower equilibrium price and higher quantity. Suppliers cannot be assured of product sale, and product equilibrium price may be lower than cost of product, due solely to market saturation
_Amount of control a firm or a group of firms have over the total market supply _The amount of influence a firm or group of firms have over market price _The freedom new suppliers have to enter the market
suppliers.
Understanding the price elasticity of demand is crucial for suppliers as it helps them predict how changes in price will affect consumer demand for their product. If demand is elastic, a price increase could lead to a significant drop in sales, prompting suppliers to be cautious with pricing strategies. Conversely, if demand is inelastic, suppliers might increase prices to boost revenue without significantly affecting sales volume. This knowledge enables suppliers to make informed decisions about pricing, inventory management, and overall market strategy.
Businesses
Businesses
free market
Yes. As long as a manufacturer does not try to control the market for a product it is okay for the manufacturer to design market and sell a product.
primary customers suppliers host communities Unions
Yes. As long as a manufacturer does not try to control the market for a product it is okay for the manufacturer to design market and sell a product.
For merchandising businesses, when a business wants to enter an existing market with a new product, the appropriate strategy is called "product development", and when there is an existing product, the strategy is called "market penetration". When a business wants to create a new market with a new product, the strategy is called "diversification", and when a company wants to introduce an existing product onto a new market, the strategy is called "market development".
Market is made up of consumers where the element of product/service demand occurs. When the demand is generated suppliers have to fulfill the demand of the customers through the supply of product/service. In short demand and supply makes the market.
total control.If someone creates a monopoly of market for a particular product, they have nearly all control over the sales and distribution of that product. This is bad for consumers, as it generally means high prices without the ability to shop around for a cheaper product or service.
One of the best mold killers on the market is a product called Concrobium Mold Control. It is effective in killing and preventing mold growth on various surfaces.
I think it's mostly about suppliers.
If supply increases and demand remains unchanged then lower equilibrium price and higher quantity. Suppliers cannot be assured of product sale, and product equilibrium price may be lower than cost of product, due solely to market saturation