Prices tend to be more ﬂexible when there are only two or three rival ﬁrms rather than a large
number of sellers in the market.

Name: Prices tend to be more ﬂexible when there are only two or three rival ﬁrms rather than a large number of sellers in the market.
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Question

Quizplus · Accepted Answer

Prices tend to be more flexible in markets with a large number of sellers due to increased competition, as opposed to markets with only a few firms where prices can be more rigid and controlled.

Prices Tend to Be More ﬂExible When There Are Only