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This is a market form where no producer or consumer has the market power to influence prices It is theoretical?
Wiki User
∙ 8y ago
Perfect Compitition.
Wiki User
∙ 8y ago
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What is the agreement between the producer and consumer on a price called?
market
What is the role of consumer and producer in a free market system?
The producer produces (makes) the product, and sells it to the retailer (the store). The consumer (you and me) goes to the retailer and buys the product.
In economics what does market mean?
Is one of many varieties of systems between consumer and producer
What are produce goods andconsumrr goods?
Consumer goods are market ready goods, producer goods are the input materials needed to manufacture consumer goods.
What is customer surplus and producer surplus?
Consumer surplus is the difference between the maximum amount a person is willing to pay for a good and its current market price. Producer surplus is the difference between the current market price and the full cost of production for the firm.
What does the interaction of a producer and consumer establish?
market price (A+)
What is the agreement between the producer and consumer on a price called?
market
The agreement between the producer and consumer on the price is called the?
Market
What is the role of consumer and producer in a free market system?
The producer produces (makes) the product, and sells it to the retailer (the store). The consumer (you and me) goes to the retailer and buys the product.
In economics what does market mean?
Is one of many varieties of systems between consumer and producer
What are produce goods andconsumrr goods?
Consumer goods are market ready goods, producer goods are the input materials needed to manufacture consumer goods.
what is positive and negative influence of marketing on society?
A positive influence of marketing on society is boosting the economy. A negative influence is consumer confusion when the market is too vast.
Does market economy need competetion?
To allocate resources efficiently and provide the greatest possible consumer and producer surplus, yes.
What is customer surplus and producer surplus?
Consumer surplus is the difference between the maximum amount a person is willing to pay for a good and its current market price. Producer surplus is the difference between the current market price and the full cost of production for the firm.
What are the definition of economic influence?
Economic influence is the effect that an event, policy, or market trend will have on economic factors. These economic factors include interest rates, consumer confidence, and the stock market. For example, a bank that declares bankruptcy will affect consumer confidence and stock prices related to that bank.
Is a squid a consumer or producer?
No, producers are organisms that can make their own food eg green plants.
What is the most exact definition of economics?
It is the relationship of the consumer and the producer in a setting where supply and demand shape the market. It is the use of resources and goods to move the markets.
