Scenario: The market demand for soccer balls in a small town is 2,500 units, and there are two rival sports brands selling soccer balls in this town, Sporty and Go! The products of the two brands are identical.
-Refer to the scenario above.If ________,the demand for Sporty's soccer balls will be 2,500 units.

Question

Quizplus · Accepted Answer

If the price charged by Go! is higher than the price charged by Sporty, consumers would prefer buying from Sporty assuming the products are identical, leading to Sporty capturing the entire market demand of 2,500 units.

Scenario: the Market Demand for Soccer Balls in a Small