When the demand side of a market holds a high level of market power, then the sellers _____ than they would otherwise.
A)are likely to sell at a lower price
B)are likely to sell at a higher price
C)will face higher switching costs
D)will face lower switching costs

Question

Quizplus · Accepted Answer

When the demand side of a market holds a high level of market power, it means that buyers have significant influence over the market, often leading to sellers having to lower their prices to attract or retain customers.

When the Demand Side of a Market Holds a High