In which form of the market structure is the degree of control over th

1.	In which form of the market structure is the degree of control over the price of its product by a firm very large?
Answer» Monopoly In Monopoly market structure the degree of control over the price of its product by a FIRM very large. In a monopoly type of market structure, there is only ONE SELLER, so a single firm will control the ENTIRE market. It can set any price it wishes since it has all the market power.

In which form of the market structure is the degree of control over the price of its product by a firm very large?

Answer»

Monopoly

In Monopoly market structure the degree of control over the price of its product by a FIRM very large. In a monopoly type of market structure, there is only ONE SELLER, so a single firm will control the ENTIRE market. It can set any price it wishes since it has all the market power.

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In which form of the market structure is the degree of control over the price of its product by a firm very large?

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