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Economics B Theme 1 Week 7 Flashcards | StudBud
Economics B Theme 1 Week 7
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Why do businesses have little control over the price of their products in competitive markets?
A
manufactures of the products decide the set prices for them
B
They cannot charge more due to law restrictions
C
By charging more than market price they lose out on sales
D
Regulators stop businesses from overcharging
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