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06-01-2017
Business

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When a producer can control the market price for the good it sells, the producer?

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lamochick lamochick

06-01-2017

Can control market price? That means they are the "PRICE MAKER". If you are under the influence of price in the market, ie cant control the 'P.L' you are a PRICE TAKER.

Hope that answered you're question.

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