Multiple Choice
Scenario: The market demand for soccer balls in a small town is 2,500 units, and there are two rival sports brands selling soccer balls in this town, Sporty and Go! The products of the two brands are identical.
-Refer to the scenario above.If ________,the demand for Sporty's soccer balls will be 2,500 units.
A) the price charged by Sporty is higher than the price charged by Go!
B) the price charged by Go! is higher than the price charged by Sporty
C) the price charged by Sporty is equal to the price charged by Go!
D) the price charged by Go! is higher than the unit cost of producing a ball
Correct Answer:
Verified
Correct Answer:
Verified
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