If a seller in a competitive market chooses to charge more than the market price, then:

Name: If a seller in a competitive market chooses to charge more than the market price, then:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If a seller chooses to charge more than the market price, buyers are likely to purchase from other sellers who offer the product at a lower price. This will result in a decrease in demand for the seller charging a higher price, and they may lose customers and revenue as a result.

If a Seller in a Competitive Market Chooses to Charge