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What is the term that describes the ability of a market participant to influence prices instead of merely being forced to accept market prices?
Wiki User
∙ 9y ago
The term is Market Power!
Wiki User
∙ 9y ago
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What is the economic term that describes the ability of a market participant to influence prices instead of merely being forced to accept market prices?
Market power is the ability of a firm to dictate their own prices without having to succumb to market prices. Market power usually occurs if the firm has control over a large part of the market.
What accurately describes a situation in which substitution occurs?
A restaurant starts using margarine instead of butter because butter becomes more expensive
How did Plato influence America?
Plato was a major influence on the history of America. He made a challenge toward democracy through is visions that he shared. He strongly believed that people made irrational decisions that were commonly based on emotions instead of facts.
What economic factors would influence Southern plantation owners to choose to grow cotton on their land instead of growing any other crop?
opportunity cost
Which of the following accurately describes a situation in which substitution occurs?
A restaurant starts using margarine instead of butter because butter becomes more expensive.a restaurant adds decaffeinated coffee to its menu because more customers have asked for this drink
What is the term that describes the ability of a market participant to influence prices instead of merely being forced to accepted market prices?
The term is Market Power!
What is the term that describes ability of a market participant to influence prices instead of merely being forced to accept market prices?
The term is Market Power!
What is the term that describes the abillity of a market participant to influence prices instead of merely forced to accept market prices?
The term is Market Power!
What is the economic term that describes the ability of a market participant to influence prices instead of merely being forced to accept market prices?
Market power is the ability of a firm to dictate their own prices without having to succumb to market prices. Market power usually occurs if the firm has control over a large part of the market.
What is the term that describes the ability of a market participants to influence prices instead of merely being forced to accept market price?
The term is Market Power!
What are the differentiate between participant and non-participant?
A participant is actively involved in a research study, often providing data or responses to the researcher's inquiries. A non-participant, on the other hand, does not actively engage in the research but may still be impacted by the outcomes or findings of the study.
What is a parochial participant?
A parochial participant is one who stays away from elections and other civic organizations and instead goes to his local government and community to solve problems.
What word can you use instead of influence?
recommend Sway, pull, cache.
What words can you use instead of you can?
You may, you could etc. -You should - You have the ability to - You have the power to
What O-word describes oxygen with moclues that have three atoms instead of 2?
Ozone
What best describes actors working as a group onstage instead as individuals?
group acting
Is dozing an adverb?
No, as it is not a word that describes a verb. Instead it is a verb as dozing is a 'doing' word.
