All businesses have to accept the price that is set by the market
Firms are not able to set their own price
Price Makers
As pure monopolies rarely exist having one firm as a price maker is unlikely
If firms are able to set prices in a market the extent to which they can is influenced by price elasticity for that market, the more inelastic the demand for a product the more a firm can set the price
The portrait below showcases Bronzino's ability to use formal effect with his choice of COSTUME and setting yet conveys the HAUGHTY demeanor of the subject. A portrait titled Portrait of a Young Man by Bronzino
