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A firm that is successful in developing brand name loyalty can marginally increase the price of the product without losing its customers. Group of answer

A firm that is successful in developing brand name loyalty can marginally increase the price of the product without losing its customers. Group of answer choices True FalseA new firm recently arrived in Zambia offering much higher internet speeds than existing providers. The other providers have gone out of business because so many Zambia residents have switched to the new provider. What will most likely happen to the price of internet service in Zambia? Group of answer choices The price will decrease because there is only internet provider in Utopia. The price will decrease because the new provider wants to keep its customers happy. There will be no change in price. The price will increase because there is only one internet provider in Utopia

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