CBSE (Arts) Class 12CBSE
Share
Notifications

View all notifications

What is Price-maker Firm? - CBSE (Arts) Class 12 - Economics

Login
Create free account


      Forgot password?

Question

What is price-maker firm?

Solution

A firm is able to exercise full control over the prevailing market price of the product is known as a price maker firm. In this situation, monopolist fixes the price and attains
maximum level of profit because he is a single seller of the product in the market without any competition.

  Is there an error in this question or solution?

Video TutorialsVIEW ALL [2]

Solution What is Price-maker Firm? Concept: Main Market Forms.
S
View in app×