1
You visited us
1
times! Enjoying our articles?
Unlock Full Access!
Byju's Answer
Standard XI
Economics
The Production Process
What is a pri...
Question
What is a price maker firm?
Open in App
Solution
A price maker firm refers to that firm which has complete control over price of the product in the market.
Suggest Corrections
0
Similar questions
Q.
A monopoly firm is a price maker.
Q.
Firm in industry is 'price maker'.This is feature of ___________.
Q.
In perfect competition the seller is a price maker.
Q.
What is a price taker firm?
Q.
Under perfect competition, the price is determined by the industry. At this price a firm can sell any quantity. The AR curve is perfectly elastic. Under monopoly, firms can sell more only at a lower price. So, AR is negatively sloped.
Which form of market is known as a price maker?
[1 mark]
View More
Join BYJU'S Learning Program
Grade/Exam
1st Grade
2nd Grade
3rd Grade
4th Grade
5th Grade
6th grade
7th grade
8th Grade
9th Grade
10th Grade
11th Grade
12th Grade
Submit
Related Videos
Inputs to Outputs
ECONOMICS
Watch in App
Explore more
The Production Process
Standard XI Economics
Join BYJU'S Learning Program
Grade/Exam
1st Grade
2nd Grade
3rd Grade
4th Grade
5th Grade
6th grade
7th grade
8th Grade
9th Grade
10th Grade
11th Grade
12th Grade
Submit
AI Tutor
Textbooks
Question Papers
Install app