Mr Tarn - Economics
Individuals, Firms, Markets & Market Failure
Economic Methodology & The Economic Problem
Production Possibility Diagrams
Price Determination in a Competitive Market
The Determinants of the Demand for Goods and Services
The Determinants of the Supply for Goods and Services
The Determinantion of Equilibrium Market Prices
Impact of Market Dominance on Producers (Suppliers)
What you need to know...
You should understand the positive effects on producers (suppliers) for dominant firms e.g. producers such as farmers have guaranteed markets for their products from supermarkets.
You need to understand the negative effects on producers (suppliers) for dominant firms e.g. suppliers may be forced to accept lower prices.
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