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What market structure best describe the market for cars in the US?

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16y ago

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What item good or service would you like to create and market?

I have already created an enterprise to repair cars and in the future to sell cars in Apopka with my brother who knows very well this kind of service. So now I would like what kind of market it is?


Who determines prices and goods that are made in a market economy?

The 'Market' determines the Prices and which Goods are made. The 'Market' consists of the customers for the goods, and the sellers and manufacturers. Basically everyone involved. The Customers create the DEMAND for items. For instance, they want small cars in a given price range. If there are only large cars at too high a price, they do NOT buy. Then manufacturers have to produce small cars at a price that will be acceptable to the 'Market', if they wish to stay in business. Similarly, if the cars are offered for sale by the retailer at too high a price, they sit unsold on the lot, UNTIL the dealer lowers the price. HOWEVER, if the cars go flying off the lot in a buying frenzy, the dealer will raise the price due to the increase in DEMAND. So price can fluctuate with demand. In an ideal Market, the supply equals the demand.


What is the lemon problem?

The lemon problem refers to a market failure that occurs when there is asymmetric information between buyers and sellers, particularly in the used car market. Sellers have more knowledge about the quality of the cars than buyers, leading to a situation where high-quality cars are driven out of the market because buyers are only willing to pay an average price that reflects the risk of purchasing a "lemon" (a low-quality car). This results in a decline in overall market quality and can cause a collapse of the market for high-quality goods. The concept was popularized by economist George Akerlof in his 1970 paper, "The Market for Lemons."


Function of forex market?

It has many functions... as does the stock market. The main is to facilitate that exchange of currencies. Toyota sells cars in US and needs to exchange USD for JPY they execute an order on an Fx exchange.


Using 1995 as the base period the price index for cars is 140. What does this index number mean?

A price index of 140 for cars using 1995 as the base period means that the price of cars has increased by 40% since 1995. In other words, if a car cost $20,000 in 1995, it would cost $28,000 in the current period represented by this index. This indicates significant inflation or changes in the market value of cars over that time.

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Kenwood makes the best audio systems for cars. These are after market installs.


What is the best car on the market compared to all others?

This is a really general question. Generally the best cars are the most expensive or fastest though so Bugatti's Veyron is currently the best on the market.


What are some gas friendly cars on the market?

The best gas friendlt cars on the market are hybrids, which use substanially less gas then the normal modles. Some of these cars include the Toyota Pruis Hybrid, Ford Fusion Hybrid and the Honda Civic Hybrid.


Where can one purchase RC drift cars?

You can buy RC drift cars at the website called KYOSHO, they have the best cars in the market! You can find excellent quality cars there. The RC drift cars are not just a "toy" they are really expensive.


Which brands of cars are the best?

It all depends on ones preferences and specifications that are being looked for. Honda is known worldwide as on of the best and affordable brands of cars on the market for anyone as they offer a wide variety of selection.


Are Italian sports cars the most popular sports cars?

No. In America, Corvettes, Mustangs, Chargers, and Camaros Dominate the market because of their relativity low cost compared to Italian cars like Ferrari's.but today ITALIAN. cars are considered to be the most powerful n best buy in the market..ALFA ROMEO FIAT,LAMBORGHINI ,LANCIA are one of the famous brands wiz have totally overshadowed various cars present in the market..


What are the best sports cars?

There are some great sports cars on the market right now. The Viper is very expensive and very showy. A Corvette is a classic and screams for attention.


Where is a list of all fuel efficient cars on the market?

The following link will take you to a site that lists the best--and worst-- fuel efficient cars. www.fueleconomy.gov/feg/bestworst.shtml


Market segmentation of Toyota cars?

Market segmentation


What is the best selling luxury cars today?

Sites like MotorTrend.com and Edmunds.com annually review the best cars in each category. Currently, the Infiniti and Mercedes-Benz are among the top luxury models on the market.


Where are the best places to look online for 2013 luxury cars.?

There is a wide variety of luxury cars out in the market. Look on cars.com or autotrader for more help with the decision. They are very helpfuk sites.