What effect does competition have on market price?
a. the prices of goods sold in competitiv...
Business, 20.12.2019 05:31 StephenCurry34
What effect does competition have on market price?
a. the prices of goods sold in competitive markets will tend to remain constant or change only slowly.
b. firms in competitive markets will charge the same prices for the same product due to brand loyalties.
c. firms in a noncompetitive market will not have a significant impact on the market price.
d. firms in markets that are not perfectly competitive will charge the same prices for the same product to win customers from competitors.
e. the actions of a single firm in a competitive market will n
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