Competitors are most likely to react to a price change when ________.
A) a large number of competitors are involved
B) the product is uniform
C) the buyers are not well informed about product features
D) buyers are not well informed about price differences
E) the market has a pure monopoly

Question

Quizplus · Accepted Answer

Competitors are most likely to react to a price change when the product is uniform because it makes it easier for consumers to compare prices, leading to increased competition among sellers.

Competitors Are Most Likely to React to a Price Change