"Price makers" refers to firms that

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Firms that can set their own prices in the market, or have some degree of control over the price, are known as price makers. This is typically seen in firms that face a downward-sloping demand curve, meaning that as they increase their prices, the quantity demanded decreases. Pure monopolies are one example of price makers, but so are monopolistic competitors, which are firms that have some degree of market power but still face competition from other firms. Oligopolies can also be price makers, but not all oligopolies have the ability to control prices due to the presence of competition from other firms in the market.

"Price Makers" Refers to Firms That