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alperkilic alperkilic
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Posts: 1076
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6 years ago
Which one of the following statements about pricing in a purely competitive market is correct?
A) Because there are many buyers and sellers of similar goods, there is little choice but to follow the price of the brand leader.
B) The government regulates price increases.
C) A high demand and low supply lead to a low price.
D) There are no controls over price; the market dictates the price of a good or service.
E) An abundant supply and low demand lead to a high price.
Textbook 
THINK Marketing, Canadian Edition

THINK Marketing, Canadian Edition


Edition: 1st
Author:
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BlueFusionBlueFusion
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6 years ago
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alperkilic Author
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#2
5 years ago
Thank you!
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