Business Studies, asked by mthahniya, 1 month ago

Explain in detail how prices are set in different market structures

Answers

Answered by s1731karishma20211

Answer:

In a monopolistic competitive market, companies set prices for their products. Since every company sells a product that might be the same as that of another company, each company can successfully set its prices. However, these prices will be dependent on the quantity they desire to produce.

Answered by shettysushma794

Explanation:

In a monopolistic competitive market, companies set prices for their products. Since every company sells a product that might be the same as that of another company, each company can successfully set its prices. However, these prices will be dependent on the quantity they desire to produce.

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