Answered: Describe market control?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Describe market control?

Expert Solution

Market control:

Market control is an attempt made by the government or even private organizations to control some aspects of the market to achieve some specific economic or political goals. This is done through deliberate manipulation of various activities such as demand, supply, pricing, taxation, and even transportation of the goods in the market. Market manipulation is one of the common occurrences in online trading, stock market, and so on. Apart from this, this can be seen in traditional markets also.

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