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What is meant by the term duopoly?
A monopoly has one producer in a market and duopoly has two.
Does the price equal the marginal revenue in a competitive market?
In a competitive market, the price does equal the marginal revenue.
What is meant your curse of competitive markets?
It is hard to find profitable project.High profits in product market attract competitors.competitors put downward pressure on prices and profits.
Is cigarette market a perfectly competitive market?
There is no such thing as a perfectly competitive market. It is merely a economic model to compare other market structures to. Cigarette market is more likely a oligopoly.
Which statements is true about profits in a monopolistically competitive market?
many firms will earn profits in the short term, but they must constantly innovate and compete to earn profits in the long term
What is meant by term value-driven?
It is a market driven by reasonable market prices that satisfy the needs of the customer.
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 meant by the term duopoly?
A monopoly has one producer in a market and duopoly has two.
What is meant by the term market in the subject of market segments?
market portion. Lets say real estate was the market and you specialize in unit developments then your market segment would be unit developments
Does the price equal the marginal revenue in a competitive market?
In a competitive market, the price does equal the marginal revenue.
What is meant your curse of competitive markets?
It is hard to find profitable project.High profits in product market attract competitors.competitors put downward pressure on prices and profits.
Is cigarette market a perfectly competitive market?
There is no such thing as a perfectly competitive market. It is merely a economic model to compare other market structures to. Cigarette market is more likely a oligopoly.
Which statements is true about profits in a monopolistically competitive market?
many firms will earn profits in the short term, but they must constantly innovate and compete to earn profits in the long term
Describe the role of prices in market economics define the equilibrium of a market descrobe the forces that move a market toward its equlibrium?
Generate a debate about competitive market? How in your opinion a Competitive market can be evolved?
What is meant by the term market?
where a group of businesses come together in a place to buy and sell items or it can also be a customer
Is marginal revenue equal to price in a perfectly competitive market?
In a perfectly competitive market, marginal revenue is equal to price.
Is the price equal to marginal revenue in a perfectly competitive market?
In a perfectly competitive market, the price is equal to the marginal revenue.
