Write notes price determination of demand 400 words
Explain how price and output decision are taken under conditions of oligopoly.
price negotiation
Determination of the value (price) of the goods (certainly imported one)
exogenous and constant
Write notes price determination of demand 400 words
An example of determination is hiking on Mount Everest on a snowy trail. Determination is having a firm purpose irrespective of the challenges and obstacles one faces.
Explain how price and output decision are taken under conditions of oligopoly.
price negotiation
Determination of the value (price) of the goods (certainly imported one)
him leaving calypso's island the sirens etc
exogenous and constant
I do not know, you tell me first.
Would it not be a Monopolistic with imperfect market structure
It helps to Determination of price. The study of law of demand is useful for a trader to fix the price of a commodity. And also law of demand explains consumer choice behavior when the price changes.
Non-examples of unit price include total price, which reflects the overall cost of a product without dividing it by quantity, and bulk price, which applies to larger quantities but does not indicate a per-unit cost. Additionally, discounts or promotional prices that don’t specify a unit price for individual items are also non-examples. Lastly, fixed prices for services, such as a flat fee for a consultation, do not represent a unit price either.
Price under perfect competition is determined by the forces of demand and supply of the industry. The price once fixed up by the industry is taken up by all the firms and the firm can sell any number of units at hat price.=The firm may earn normal profits, super normal profits in the short run whereas it earns normal profits in the long run.=