what is price maker?
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Answer:
A producer who has enough market power to influence prices. In economics, market power is the ability of a company to change the market price of goods or services. A firm with market power can raise prices without losing its customers to competitors.
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Explanation:
Price maker
A price maker is an entity, such as a firm, with a monopoly that gives it the power to influence the price it charges as the good it produces does not have perfect substitutes. A price maker within monopolistic competition produces goods that are differentiated in some way from its competitors' products.
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