2.1 An individual seller wont sell at a higher price than the going price, because buyers can...

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2.1 An individual seller won’t sell at a higher price than the going price, because buyers can purchase the same good from someone else at the going price. They would not knowingly sell below the going price, because they are so small relative to the market that they can sell all they want at the going price.

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Survey Of ECON

ISBN: 9780538478090

1st Edition

Authors: Robert L. Sexton

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