1 what are the general factors that will influence price in regard of Market structures 2what are...

1 what are the general factors that will influence price in regard of Market structures

2what are the key element to be successful a major philanthropic program

3 what are the five Keys characteristics offer long-term debit financing

Expert Solution

1.
There are many general factors that influence the price in different market structures. The first general factor is the presence of the number of sellers in the market. A presence of huge number of sellers in the perfect competition makes the firms to be price takers and firms have no control on the price. But, in monopoly, there is one seller and that firm has the control upon the price. The second factor is the presence of entry barriers. A higher entry barrier causes the price to be at a higher level. It can be seen in the monopoly and oligopoly market structure where the entry barriers are very high. The third factor is differentiation of the product in a market. In monopolistic competition, products are strongly differentiated and it makes the firms to put higher prices. But, it cannot be done in perfect competition. The fourth factor is exclusive control upon the resources. A higher degree of control upon the resources, or 3exclusive rights to the technology, invention and other copyrights, causes the price to increase and makes the firms to exert market power. The fifth factor is the formation of cartel, price fixing or collusion that also leads to increase in price. These general factors influence price.

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keosha answered 1 year ago

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