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Why is it not possible for a market to exist where there are only sellers?
Absence of buyers. Without one of 'em, trading cannot happen. (If there are no buyers, who are the sellers going to sell to?) Might as well dump the 'market' if nothing is going on. :X
What is bilateral oligopoly?
Bilateral Oligopoly is a market structure in which a few sellers and a few buyers exist and both demand and supply sides have market power. There is no absolute equilibrium defined for such structure. the example is the intermediate goods market that is a few suppliers compete each other to sell and a few buyers compete to buy. collusion may happen on both sides.
When does equilibrium price in economics happen?
equilibrium price in economics happens when demand for and supply of the products equals
What will happen to the equilibrium price and quantity of a normal good if the demand for the good increases and supply constant?
the equilibrium price rises and the quantity increases
When will happen if the sellers in the market increase?
As the Number of Sellers Increases, the Supply of the commodity Increases. As Supply Increases, and demand remains constant, Prices Decrease.
When will the equilibrium between the buyers and seller happen?
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Why is it not possible for a market to exist where there are only sellers?
Absence of buyers. Without one of 'em, trading cannot happen. (If there are no buyers, who are the sellers going to sell to?) Might as well dump the 'market' if nothing is going on. :X
What is bilateral oligopoly?
Bilateral Oligopoly is a market structure in which a few sellers and a few buyers exist and both demand and supply sides have market power. There is no absolute equilibrium defined for such structure. the example is the intermediate goods market that is a few suppliers compete each other to sell and a few buyers compete to buy. collusion may happen on both sides.
What would happen to a a system at equilibrium if the temperature were changed?
the equilibrium constant would change
What would happen to a system a equilibrium if the temperature were changed?
the equilibrium constant would change
When does Transactional selling happen?
Transactional selling tends to happen when sales representatives are first calling on buyers or when buyers intentionally avoid developing a relationship
What is meant by the term adverse selection?
The term Adverse Selection is also known as Anti-Selection and Negative Selection. Adverse Selection is a term referring to a market process when undesired results happen when buyers and sellers have access to different information.
When does equilibrium price in economics happen?
equilibrium price in economics happens when demand for and supply of the products equals
What would happen to a system at equilibrium if the temperature changed?
If the system is in equilibrium then the temperature is also.
What does not happen to a non moving object in equilibrium?
it does not accelerate
What will happen when a reactant is added to a system?
The equilibrium is not maintained.
Hat will happen when a reactant is added to a system at equilibrium?
The concentrations of reactants and products are modified.
