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How is price determined in each market structure in terms of maximizing profits?
Wiki User
∙ 9y ago
Price of any commodity in the market is estimated depending on the condition of the market. The price cannot be more than what the seller is willing to provide but profits can be maximized through marketplaces adjusting according to the reality of the market.
Wiki User
∙ 9y ago
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With what indicators is microeconomics concerned?
Microeconomics looks at the individual components of the economy, such as costs of production, maximizing profits, and the different market structures
What will excessive or economic profits induce for a firm in any industry structure?
This will cause a new entry into the market.
For consumers most market activity can be explained by the goal of?
maximizing happiness
What is market price determined by?
the market or market forces
In which case do investors buy stock in expectations of higher profits?
In a bull market, investors buy stock in expectation of higher profits.
Why did some corporations seek to gain control over their market?
What they were usually after was price control and thus maximizing profits through market control.
With what indicators is microeconomics concerned?
Microeconomics looks at the individual components of the economy, such as costs of production, maximizing profits, and the different market structures
What will excessive or economic profits induce for a firm in any industry structure?
This will cause a new entry into the market.
For consumers most market activity can be explained by the goal of?
maximizing happiness
How do you find a monopolist's profit maximising...?
The monopolist's profit maximizing level of output is found by equating its marginal revenue with its marginal cost, which is the same profit maximizing condition that a perfectly competitive firm uses to determine its equilibrium level of output. Indeed, the condition that marginal revenue equal marginal cost is used to determine the profit maximizing level of output of every firm, regardless of the market structure in which the firm is operating.
What is market price determined by?
the market or market forces
Market structure of Australia?
market structure of Australia
In which case do investors buy stock in expectations of higher profits?
In a bull market, investors buy stock in expectation of higher profits.
How are the top rated money market funds determined?
Top rated money market funds are determined by how they have performed over the last 10-20 years in the market. They are rated according to how much the company charges to administrate the fund as well as the volatility of the fund, or how mucc fluctuation in profits have been recorded over the history of the money market fund. And finally the money market funds are rated against other money market funds in all these categories to determine the top rated funds.
In which of the following market structures do firms produce the welfare-maximizing level of output?
Perfect competition!
Is an oligopoly market structure the most efficient market structure?
no it is not
Describe the structure of the media market?
the structure of the media market?
