pricing principles?

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2007-02-08 02:05:54 · 2 answers · asked by miguelese18 1 in Social Science ➔ Economics

2 answers

I assume you want to know how prices are determined? It is based on supply and demand, although it varies if it is for a competitive market or a monopoly. Generally, suppliers want to produce out to the point that marginal cost equals marginal revenue. The price of the product will depend upon how much demand there is for the product.

That's a stab at your question. Hope it is kind of what you were looking for.

2007-02-08 08:26:57 · answer #1 · answered by theeconomicsguy 5 · 0⤊ 0⤋

What is the question?

2007-02-08 10:14:38 · answer #2 · answered by Anonymous · 0⤊ 0⤋