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tensa zangetsu [6.8K]
4 years ago
11

Under which market structure does a firm have the most influence over product pricing?

Business
1 answer:
Schach [20]4 years ago
3 0
A pure monopoly refers to the market structure which a firm has the most influence over pricing. This is because in a pure monopoly they are the only company producing their product and a substitute isn't available. When this happens they can control the price more directly because consumers will buy their product, if in need, since it's the only available option. 
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