Ask Question
BusinessBusiness
19 January, 08:06

Market power refers to the: a. side effects that may occur in a market. b. government regulations imposed on the sellers in a market. c. ability of market participants to influence price. d. forces of supply and demand in determining equilibrium price.

+2
Answers (1)
  1. 19 January, 08:27
    0
    c. ability of market participants to influence price

    Explanation:

    Market power is the ability of market participants to influence prices for their goods or services. The market participants that can influence prices for their commodities are known as price makers.

    Price makers are usually monopolies and monpolistic competition firms.

    The set their prices to maximise profit.

    These firms usually have a downward sloping demand curves.

    Firms that cannot influence the price of their products are known as price takers. Prices are set by the forces of demand and supply. Firms that are usually price takers are perfect competition.

    Externalities are side effects that may occur in a market.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Market power refers to the: a. side effects that may occur in a market. b. government regulations imposed on the sellers in a market. c. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Curly Inc. is considering whether to continue to make a component or to buy it from an outside supplier. The company uses 16,000 of the components each year.
Answers (1)
Listed below are various transactions that a company incurred during the current year. Select the impact on total stockholders' equity for each scenario.
Answers (1)
What do you call the rain that contain many chemical and is harmful
Answers (2)
You manage a pension fund that promises to pay out $10 million to its contributors in five years. You buy $7472582 worth of par-value bonds that make annual coupon payments of 6% and mature in five years.
Answers (1)
Fred operates his own business, Fred would be counted as employed a. in the establishment but not the household survey. b. in both the household and estblishment surveys. c. in neither the household nor the establishment survey. d.
Answers (2)
New Questions in Business
Kyle Carlson invested $10,000 in a savings account paying 12% interest compounded quarterly. Assuming that he makes no withdrawals, how much interest will he earn during the second quarter of the first year?
Answers (1)
If a manager increases the system utilization standard (assuming no change in the customer arrival rate) what happens to the average customer time in the system? A. It increases exponentially. B. It increases proportionally. C.
Answers (1)
Let a be the event that a student is enrolled in an accounting course, and let s be the event that a student is enrolled in a statistics course.
Answers (1)
Blaser Corporation had $1,075,000 in invested assets, sales of $1,243,000, income from operations amounting to $216,000 and a desired minimum rate of return of 13%. The rate of return on investment for Blaser Corporation is
Answers (2)
Re-Up Enterprises has sales of $926,355, costs of goods sold of $613,500, inventory of $189,880, and accounts receivable of $78,580. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit?
Answers (1)
Home » Business » Market power refers to the: a. side effects that may occur in a market. b. government regulations imposed on the sellers in a market. c. ability of market participants to influence price. d.
Sign Up Forgot Password?