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If a firm is selling in an imperfectly competitive product market?
Wiki User
∙ 13y ago
- the marginal products of sucessive workers can be sold at a constant price
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoIf a firm is selling in an imperfectly competitive product market, then:
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Characteristics of perfect competitive market?
A perfectly competitive market has many competitors. There is no one competitor that has more say in product prices within the industry.
What is meant by the term a competitive market?
there are many producers selling the same products at similar prices.
How do you find selling price?
In a perfectly competitive market, it is equal to marginal cost, it is also the point of equilibrium.
In a competitive market free of government regulation?
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.
Why is important to know the market price of a product?
It's important to know the market price of a product because then you know what the item is worth. Whether you are buying or selling, if you know the price of the item, you can avoid being cheated by overpaying for items and you can sell your item more easily if it's being sold at a competitive and fair price.
What is the incidence of corporate tax in an imperfectly competitive market graphhically and mathematically?
what is the incidence of corporate tax in an imperfectly competitive market graphically and mathematically?
Characteristics of perfect competitive market?
A perfectly competitive market has many competitors. There is no one competitor that has more say in product prices within the industry.
What is competitive advertising?
competitive advertising means which reflects the market maturity of the product and the need for the company to show product superiority through comparison to competitors
What is meant by the term a competitive market?
there are many producers selling the same products at similar prices.
Where does a buying selling and demand for a product take place?
Market
How do you find selling price?
In a perfectly competitive market, it is equal to marginal cost, it is also the point of equilibrium.
What is a 'lead market'?
A market in which a company introduces a new product and wants to hold it by having a competitive edge from other competitors.
What is a selling product below cost to drive competitors out of the market?
This dick
Where does all the buying and selling and demand for a product take place?
Market
In a competitive market free of government regulation?
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.
How can competitive positioning be changed?
Product differentiation is the best way to stand out in a competitive market. What makes your product or service better or different? It could be as simple as packaging or as complex as a technological advantage.
Why is important to know the market price of a product?
It's important to know the market price of a product because then you know what the item is worth. Whether you are buying or selling, if you know the price of the item, you can avoid being cheated by overpaying for items and you can sell your item more easily if it's being sold at a competitive and fair price.
