In _____markets, there is no unused capacity, and division managers can buy and sell as much of a product or service as they want at the market price. In such settings, using the market price as the transfer price motivates division managers to transact internally and to take exactly the same actions as they would if they were transacting in the external market. imperfectly competitive monopoly oligopoly perfectly competitive none of the above
In _____markets, there is no unused capacity, and division managers can buy and sell as much of a product or service as they want at the market price. In such settings, using the market price as the transfer price motivates division managers to transact internally and to take exactly the same actions as they would if they were transacting in the external market.
- imperfectly competitive
monopoly - oligopoly
perfectly competitive - none of the above
A market is a place where the buyers and sellers interact with each other and the exchange of goods and services takes place between them. The market conditions make the market roughly perfect and imperfect. The market in which there are numerous buyers and sellers, homogeneous product, no market control to sellers, and freedom of entry and exit is considered to be a perfect market. Others are known as the imperfect markets.
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