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No, price is determined exclusively by the seller. The ability to make sales and overall revenue is determined by supply and demand.
by thfuran 3y ago
No, price is determined exclusively by the seller. The ability to make sales and overall revenue is determined by supply and demand.
- deleted 3y ago[deleted]
- JumpCrisscross 3y ago> price is determined exclusively by the seller Nope. A seller can choose to sell below the market price, thereby inducing a shortage. In this case, it’s unclear the seller could predictably clear this perishable stock at a higher price.
- rileymat2 3y agoIt looks like you are talking past each other with one referring to something like the price on the tag and another talking of the most profitable price.
- JumpCrisscross 3y ago> one referring to something like the price on the tag and another talking of the most profitable price Market versus negotiated price. The market price is not controlled by a non-monopoly seller or non-monopsony buyer. That doesn’t preclude someone being convinced, in exchange for a bulk order, long-term commitment (formally or informally), out of sympathy, or a bribe or because a participant is misinformed or an idiot, to sell off market at a different negotiated price.
- deleted 3y ago[deleted]
- rileymat2 3y agoThat is very helpful, I did not have the right words.