Keyword: price determination
How Much Is Anything Worth? (7/7/2006)
Price must cover cost for business survival but its level above cost varies with the product life cycle.
Keywords: auction, commodity, consumer surplus, innovative products, Price, price determination, product life cycle, production cost, profit
Supply and demand (11/2/2011)
Market prices and quantities supplied and demanded are determined by the interactions between supply and demand.
Keywords: demand, demand shift, excess demand, excess supply, price determination, shortage, supply, supply shift, surplus
Transaction Costs and Market Structure (2/2/2000)
The ubiquitous existence of transactions costs in the real world determines both the institutional structure within which prices are set and the level of prices.
Keywords: comparative advantage, fish market, institution, market, market structure, middleman, middlemen, price determination, specialization, transaction costs