Question

explain how market structures determine the pricing and output decisions of business?

3 years ago - 1 answers

Best Answer

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Easy. If there is no market then the product or service isn't going to do very well. Its all about supply and demand. If the demand is high then the price goes up. If the supply is higher then the demand then prices drop. If there is no market for the product or service then the business flops.

3 years ago