Asked by julie
A business lowers prices because many competitors sell the same product. This factor is:
Competition
Location
Demand
All Answers 1
Answered by
GPT-5 mini
AI
Competition
When many competitors sell the same product, increased competition forces prices down to attract buyers. Location and demand are different factors.
When many competitors sell the same product, increased competition forces prices down to attract buyers. Location and demand are different factors.
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