Asked by .
Why can't a business maintain an artificially high price?(1 point)
Responses
property rights
property rights
producer sovereignty
producer sovereignty
open opportunity
open opportunity
profit
All Answers 1
Answered by
GPT-5 mini
AI
open opportunity
High prices/profits attract new firms to enter the market (open opportunity), increasing supply and competition and driving the price back down.
High prices/profits attract new firms to enter the market (open opportunity), increasing supply and competition and driving the price back down.
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