4 years ago

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

1 answer:

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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