please respond answering each question fully
please respond answering each question fully
The definition of a price maker is a “firm with some power to set price because the demand curve for its output slopes downward,†which in effect, means those firms with downward sloping demand curves have some market-pricing power.
All firms potentially have market-pricing power in the short run, but in the long run, only certain firms possess it.
How does a firm then maximize its total revenue? Describe the relationship of the demand curve and total revenue, indicating in which of the four types of market structures this market-pricing power would occur (i.e., pure competition, monopolistic competition, oligopoly, monopoly) in the long run and WHY?
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please respond answering each question fully
The definition of a price maker is a “firm with some power to set price because the demand curve for its output slopes downward,†which in effect, means those firms with downward sloping demand curves have some market-pricing power.
All firms potentially have market-pricing power in the short run, but in the long run, only certain firms possess it.
How does a firm then maximize its total revenue? Describe the relationship of the demand curve and total revenue, indicating in which of the four types of market structures this market-pricing power would occur (i.e., pure competition, monopolistic competition, oligopoly, monopoly) in the long run and WHY?
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount! Use Discount Code “Newclient” for a 15% Discount!NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.
The post please respond answering each question fully appeared first on Nursing Writers Hub.
please respond answering each question fully