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What is market price determined by?
the market or market forces
What is equilibrium price in economics?
It is the price where demand equals supply in a competitive market.
Is a purely competitive firm a price taker?
Indeed it is. A competitive market means that there are a lot of companies that sell the same product. With this conditions, if a company rise the price, consumers will easily find another company, losing all profits. Therefore a firm cannot control the price in a competitive market, it has to take the market price.
Market price of a share of stock is determined how?
Market price is the price at which a buyer is willing to buy and a seller is willing to sell.
What is a series of competitive price cuts that lowers the market price below the cost of production?
A price war.
What is market price determined by?
the market or market forces
How can price be determined in a free market economy?
In a perfect free-market economy, price is determined by supply and demand.
What is meant by administered price?
Essentially, administered price is referring to a price determined by the conscious price policy of a seller rather than by impersonal competitive market forces. The earliest known use of the term administered price was in 1934.
What is equilibrium price in economics?
It is the price where demand equals supply in a competitive market.
Is a purely competitive firm a price taker?
Indeed it is. A competitive market means that there are a lot of companies that sell the same product. With this conditions, if a company rise the price, consumers will easily find another company, losing all profits. Therefore a firm cannot control the price in a competitive market, it has to take the market price.
Change in market price?
Changes in the market price is determined by demand of a product. If consumers demand the product, then the price will increase.
Market price of a share of stock is determined how?
Market price is the price at which a buyer is willing to buy and a seller is willing to sell.
What is a series of competitive price cuts that lowers the market price below the cost of production?
A price war.
Bob and john are oligopolists in the market for ice cream. If Bob and John engage in a price war will the price of ice cream in their town be closer to Perfectly competitive market or a monopolistic?
Perfectly competitive, because both firms will compete to earn a greater market share (they are "price takers"), leading to prices that more closely resemble a perfectly competitive market than a monopolistic market (one dominant "price making" firm).
How does price ceiling affect total surplus in perfect competitive market?
Sperm in the market flow
How the price of a good is determined by market forces?
lakshay
Does a perfect competitive market have an influence over price?
In perfect copmetative marker there is no influence of price...
