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The reason why demand curve is always downward slopin a competitive market is because there are many sellers and buyers in the market.so the price of a commodity in such market determines the demand and supply of that product.unlike a monopolistic market were there is just öne seller and many buyers
In perfect copmetative marker there is no influence of price...
It is the price where demand equals supply in a competitive market.
Imperfect monopoly
Market commonality, resource similarities, reputation, and incentives are four factors that influence an industry's competitive rivalry and competitive dynamics. They can have a positive or negative effect.
The reason why demand curve is always downward slopin a competitive market is because there are many sellers and buyers in the market.so the price of a commodity in such market determines the demand and supply of that product.unlike a monopolistic market were there is just öne seller and many buyers
An increase in demand in a perfectly competitive market will lead to an increase in revenue for the business. The more they sell the more they will make.
In perfect copmetative marker there is no influence of price...
It is the price where demand equals supply in a competitive market.
Imperfect monopoly
Market commonality, resource similarities, reputation, and incentives are four factors that influence an industry's competitive rivalry and competitive dynamics. They can have a positive or negative effect.
no influence over determining price
no influence over determining price
In a competitive market free of government regulation, the price of a product will continue to adjust. The only time it will stop is when demand is equal to the quantity supplied.
When demand curve intersects the supply curve.
increase in prices
In Monopoly, there is no market power as the monopoly firm is the only supplier and holds pricing power. However in a perfect competitive market, prices are set by interaction of supply and demand. This is why monopoly markets are undesirable relative to perfect competitive market.