The schedule for the formation of market prices in conditions of perfect competition
Market price - the arithmetic average price of the proposed goods or services in a particular market (for example, for a specific period of time) [1] .
The market price corresponds to the equilibrium only in conditions of perfect competition . The excess of market prices over equilibrium is typical for monopolization of the market . A decrease in the market price below the equilibrium price (for example, under state price regulation) leads to a deficit , since it becomes unprofitable for sellers to bring goods to the market [2] .
Notes
- ↑ Wholesale prices . website glossary.ru. Date of treatment November 18, 2011.
- ↑ Equilibrium price in a market economy. Change in supply and demand . Department OSUN MGSU Moscow. Date of treatment November 18, 2011. Archived September 2, 2012.