[Answer] Which market type is most beneficial to consumers?

Answer: purely competitive market
Which market type is most beneficial to consumers?

The consumer goes directly to the producer to buy the product without going through any other channel. This type of marketing is most beneficial to farmers who can set the prices of their products without having to go through the Canadian Federation of Agriculture. Typically goods that are consumed by a smaller segment of the market have influence over producers and therefore goods that are …

However competitive markets —as understood in formal economic theory—rely on much larger numbers of both buyers and sellers. A market with a single seller and multiple buyers is a monopoly. A market with a single buyer and multiple sellers is a monopsony. …

Without consumer demand producers would lack one of the key motivations to produce: to sell to consumers . The consumer also forms part of the chain of distribution . Recently in marketing instead of marketers generating broad demographic profiles and Fisio-graphic profiles of market segments marketers have started to engage in personalized …

A target market is a group of customers within a business’s serviceable available market at which a business aims its marketing efforts and resources. A target market is a subset of the total market for a product or service. The target market typically consists of consumers who exhibit similar characteristics and are considered most likely to buy a business’s market offerings or are likely to be the most profitable segments for the business to service. Once the target market …

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Tue Apr 11 2006 14:30:00 GMT-0400 (Eastern Daylight Time) · In any given market the power structure will either be in favour of sellers or in favour of buyers. The former case is known as a seller’s market; the latter is known as a buyer…

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