Because price searchers can set their prices, does this mean that their prices are unaffected by market

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Because price searchers can set their prices, does this mean that their prices are unaffected by market conditions? In price-searcher markets with low barriers to entry, will the firms be able to make economic profit in the long run? Why or why not?

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Economics Private And Public Choice

ISBN: 9780357133996

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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Question Posted: Oct 17, 2023 10:01 AM

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Because price searchers can set their prices, does this mean that their prices are unaffected by market

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While pricesearcher firms have some degree of control over setting their prices it does not necessarily mean that their prices are unaffected by market conditions Market conditions such as competition ...View the full answer

Economics Private And Public Choice

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