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16 January, 17:14

A price maker is Group of answer choices a firm that is able to sell any quantity at the highest possible price. a firm that has some control over the price of the product it sells. a consumer who participates in an auction where she announces her willingness to pay for a product. a person who actively seeks out the best price for a product that he or she wishes to buy.

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  1. 16 January, 18:49
    0
    A price maker is captured in option The first two options.

    ) a firm that is able to sell any quantity at the highest possible price.) a firm that has some control over the price of the product it sells.

    Explanation:

    A price maker is a firm, with a competitive advantage 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 in order to maximize profit.

    In this case, marginal revenue is greater than its marginal cost. In other words, it is producing a profit and monopoly.

    A monopoly firm is a price-maker simply because the absence of competition from other firms frees the monopoly firm from having to adjust the prices
  2. 16 January, 19:02
    0
    a firm that is able to sell any quantity at the highest possible price.

    Explanation:

    This is usually evident in a monopolistic market where one particular firm owns and controls the market price of a commodity because the firm has no competitors.

    Thus, a price maker firm can be able to sell any quantity of their products at the highest possible price because they have no concern for price competition from another producer.
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