Using Figure 13-4 Above,how Much Price Competition Is Likely for Small

Multiple Choice

Using Figure 13-4 above,how much price competition is likely for small coffee shops?

A) There is almost none;the market sets the price.
B) There are many sellers competing within a range of prices.
C) There is generally a price leader that sets the price.
D) Starbucks sets the price and all other coffee shops follow its lead.
E) Price is set by the seller but regulated by the government.