A price maker is
A) a person who actively seeks out the best price for a product that he or she wishes to buy.
B) a firm that has some control over the price of the product it sells.
C) a firm that is able to sell any quantity at the highest possible price.
D) a consumer who participates in an auction where she announces her willingness to pay for a product.
Answer: B
Economics
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A) increase in social well-being B) increase in producer surplus C) decrease in market demand D) decrease in total surplus
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The most extreme inflationary conditions occurred
A) in Zimbabwe in 2008. B) in Chile in 2012. C) in Eastern Europe in the 1990s. D) in Western Europe in the 1980s. E) in Germany in 20013.
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