For competitive market-profit by raising price of product

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Reference no: EM13858770

For a competitive market,

a. a seller can always increase her profit by raising the price of her product.

b. if a seller charges more than the going price, buyers will go elsewhere to make their purchases.

c. a seller often charges less than the going price to increase sales and profit.

d. a single buyer can influence the price of the product but only when purchasing from several sellers in a short period of time.

Reference no: EM13858770

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