buyer middleman seller Microeconomics

buyer middleman seller Microeconomics - Josh Kelly...

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Josh Kelly Microeconomics 18 February 07 A market where there is a buyer, middleman, and a seller is in the Automotive Market. Cadillac for example is made by the company and then is shipped to its dealerships all over the world and then the buyer purchases the car from the dealership which is the middleman. Cadillac is owned by General Motors and they make the cars at there various locations and they assemble them and then ship the vehicles to Cadillac or GM dealerships all over the world. When we (the buyer) wants to buy a Cadillac we then go to one of the many, many Cadillac and GM dealerships all over the world and we then talk to the salesperson who is also a “middleman” and we use them to purchase the right vehicle for our needs. The price in this situation is not a set price; it is more of a bargain price. Most of the time, people can bargain with the dealership (middleman) to try and get what type of vehicle that we want for the right price. The price of the car will change with demand. If
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This note was uploaded on 04/01/2008 for the course ECO 102 taught by Professor A.bhargava during the Spring '08 term at Finger Lakes Community College.

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buyer middleman seller Microeconomics - Josh Kelly...

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