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(4) none of the above are correct. 10. If a seller in a competitive market chooses to charge less than the market price, then: (1)

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(4) none of the above are correct. 10. If a seller in a competitive market chooses to charge less than the market price, then: (1) buyers would tend to buy less from this seller. (2) buyers will tend to buy more goods from this seller. (3) other sellers would also reduce their price. (4) quantity demanded for the seller's goods will decrease

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