19 TermsHome > Terms > Armenian (HY) > գին
գին
In equilibrium, what balances supply and demand. The price charged for something depends on the tastes, income and elasticity of demand of customers. It depends on the amount of competition in the market. Under perfect competition, all firms are price takers. Where there is a monopoly, or firms have some market power, the seller has some control over the price, which will probably be higher than in a perfectly competitive market. By how much more will depend on how much market power there is, and on whether the firm(s) with the market power are committed to profit maximization. In some cases, firms may charge less than the profit-maximizing price for strategic or other reasons (see predatory pricing).
0
0
Покращити
- Частина мови: noun
- Синонім(и):
- Blossary:
- Галузь/тема: Economy
- Category: Economics
- Company: The Economist
- Виріб:
- Акронім-Скорочення:
Інші мови:
Що ви хочете сказати?
Terms in the News
Featured Terms
Учасник
Featured blossaries
Browers Terms By Category
- Lingerie(48)
- Underwear(32)
- Skirts & dresses(30)
- Coats & jackets(25)
- Trousers & shorts(22)
- Shirts(17)
Apparel(222) Terms
- General packaging(1147)
- Bag in box(76)
Packaging(1223) Terms
- Satellites(455)
- Space flight(332)
- Control systems(178)
- Space shuttle(72)
Aerospace(1037) Terms
- Cultural anthropology(1621)
- Physical anthropology(599)
- Mythology(231)
- Applied anthropology(11)
- Archaeology(6)
- Ethnology(2)
Anthropology(2472) Terms
- Nightclub terms(32)
- Bar terms(31)