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In a perfectly competitive market with identical goods, if buyers and sellers have perfect information, Question 2 options: A.A seller could still set prices higher
In a perfectly competitive market with identical goods, if buyers and sellers have perfect information, Question 2 options: A.A seller could still set prices higher than its rivals B.Price is set by a bargaining process between buyer and seller C.Price is set unilaterally by the seller D.A seller could not set prices higher than its rivals because the seller will be punished by buyers who will move towards cheaper alternatives
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