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If a Seller in a Competitive Market Chooses to Charge

Question 16

Multiple Choice

If a seller in a competitive market chooses to charge more than the market price, what would happen?


A) Buyers would tend to buy more from this seller.
B) The owners of the raw materials used in production would raise the prices for the raw materials.
C) Other sellers would also raise their prices.
D) Buyers will tend to make purchases from other sellers.

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