A-Level Theme 1 Revision: Combined Weeks 7-9 Flashcards | StudBud

Home Library Explore SAT

Home Library Explore SAT

A-Level Theme 1 Revision: Combined Weeks 7-9 Flashcards | StudBud

A-Level Theme 1 Revision: Combined Weeks 7-9

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Question

Why do businesses have little control over the price of their products in competitive markets?

Answer

By charging more than market price they lose out on sales

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