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In a market economy what are prices are established by?
the interaction of supply and demand.
A market in which no one controls the prices is called?
A market in which no one controls the prices is called
Who determines prices in a market economy?
in a market economy.. the prices are decided by demand and supply....or compention
What is the economic term that describes the ability of a market participant to influence prices instead of merely being forced to accept market prices?
Market power is the ability of a firm to dictate their own prices without having to succumb to market prices. Market power usually occurs if the firm has control over a large part of the market.
What is the term that describes the ability of a market participant to influence prices instead of merely being forced to accept market prices?
The term is Market Power!
In a market economy what are prices are established by?
the interaction of supply and demand.
What is it called when prices of goods and wages are established by the forces of supply and demand?
free market, laissez-faire
Who determines prices on products in Mexico?
The free market. On very few instances, such as gasoline, the government decrees an established price.
A market in which no controls the prices is called?
A market in which no one controls the prices is called
What is a bill market In the stock market?
There is no such thing as a bill market in the Stock market. There are only... A. a bull market in which prices go up B. a bear market in which prices go down C. a crash in which prices go down in a hurry
Why does prices of shares change in the share market?
why does prices of shares change in the shares of market?
A market in which no one controls the prices is called?
A market in which no one controls the prices is called
Discuss a free market in its pure form?
A free market is a special trading market,in which prices of goods and services are arranged completely by the mutual consent of sellers and buyers, usually the goods and services are out of taxes and fees,this market established in the limits of the countries and ports
Who determines prices in a market economy?
in a market economy.. the prices are decided by demand and supply....or compention
What is the economic term that describes the ability of a market participant to influence prices instead of merely being forced to accept market prices?
Market power is the ability of a firm to dictate their own prices without having to succumb to market prices. Market power usually occurs if the firm has control over a large part of the market.
What is the term that describes the abillity of a market participant to influence prices instead of merely forced to accept market prices?
The term is Market Power!
How are prices established?
Prices are established through the interaction of supply and demand in a market. When demand for a product exceeds its supply, prices tend to rise, while an oversupply with lower demand can lead to price reductions. Additionally, factors such as production costs, competition, consumer preferences, and external economic conditions also play significant roles in determining prices. Ultimately, the equilibrium price is reached when the quantity supplied equals the quantity demanded.
