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What else can I help you with?
What is the role of supply and demand in pure market capitalism?
Supply and demand both dictate the price of the goods sold in capitalism
Why is the MR curve under pure competition horizontal?
In pure competition, the MR (marginal revenue) curve is horizontal because firms are price takers, meaning they must accept the market price determined by supply and demand. Since each additional unit sold at this market price does not affect the overall market price, the revenue gained from selling one more unit (marginal revenue) remains constant and equal to the market price. Thus, the MR curve is perfectly elastic, reflecting the firm's inability to influence prices.
Is it true that in a perfectly competitive market, the marginal revenue is equal to the price of the good for each unit sold?
Yes, in a perfectly competitive market, the marginal revenue is equal to the price of the good for each unit sold.
What are two examples of continuously selling above the market price?
A monopoly can raise the market price by limiting output. A country can ensure that domestic products are sold at a price higher than the international market price by enacting tariffs or declaring an embargo.
Why is price per unit equal to the average revenue and marginal revenue of a firm under perfect competition?
Under Perfect competition , Marginal revenue is constant and equal to the prevailing market price, since all units are sold at the same price. Thus in pure competition MR = AR = P.
What price is pure honey sold in the market?
I find it at the Farmers market here starting about 8.00 per bottle. I use a lot of honey so I always check.
What is the role of supply and demand in pure market capitalism?
Supply and demand both dictate the price of the goods sold in capitalism
What is the difference between spot price and market price?
The spot price is the current price at which a commodity or asset can be bought or sold for immediate delivery, while the market price is the price at which a commodity or asset is currently trading in the market.
What are the types of gold available?
pure gold is sold as 995,999, and999.999 purity in the market.
What is lower of cost or market?
is it the price of and item that can be sold at a different price other then what the company bought it for.
What is the word for how much a good or service will be sold in the market?
Retail price?
What is the market price of shares?
The market price of shares varies each day.Market Value definition :(1) The price at which a security is trading and could presumably be purchased or sold.
Where could one find gold market price charts?
The market price for gold is the price that it is being sold on the open market. There is a multitude of places for obtaining these charts but one of the most creditable sources would be with NASDAQ who can supply charts for most commodities being sold throughout the world.
Is it true that in a perfectly competitive market, the marginal revenue is equal to the price of the good for each unit sold?
Yes, in a perfectly competitive market, the marginal revenue is equal to the price of the good for each unit sold.
What would decrease the quanity of a product sold in a competive market?
The price, the quality
Definition of market value per share?
Market value per share can be defined as the price at which stocks are bought or sold. The market value per share is the current price of the stock.
What are two examples of continuously selling above the market price?
A monopoly can raise the market price by limiting output. A country can ensure that domestic products are sold at a price higher than the international market price by enacting tariffs or declaring an embargo.
