Because the goods offered for sale in a competitive market are largely the same:

Name: Because the goods offered for sale in a competitive market are largely the same:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Since the goods offered for sale in a competitive market are largely the same, sellers will have little reason to charge less than the going market price, as consumers can easily switch to a different seller offering the same product at a lower price. Therefore, prices in a competitive market tend to be similar across different sellers.

Because the Goods Offered for Sale in a Competitive Market