If the fourth unit of a product is sold at £10 and the fifth unit is sold at £8, what does this tell us about the firm?

Name: If the fourth unit of a product is sold at £10 and the fifth unit is sold at £8, what does this tell us about the firm?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The firm's ability to sell units at different prices indicates it has some control over the price, characteristic of a price-maker, often seen in monopolistic or imperfectly competitive markets.

If the Fourth Unit of a Product Is Sold at £10