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Business, 15.02.2020 04:53 joaquin42

A Company Y has greater control over the price of its goods than Company X. While Company Y can engage in non-price competition with other producers to increase demand for its soybeans, Company X produces a good for which there are many similar substitutes that consumers can buy instead. B Company Y has greater control over the price of its goods than Company X. The large number of producers in the same market as Company Y indicates that its product is in high demand, while Company X must accept the market price for jeans because all producers of jeans produce identical goods. C Company X has greater control over the price of its goods than Company Y. Company X is the only seller in its market and is able to set the price at which its jeans will be sold, while Company Y produces a good for which there are many similar substitutes that consumers can buy instead. D Company X has greater control over the price of its goods than Company Y. While Company X can engage in non-price competition with other producers to increase demand for its jeans, Company Y must accept the market price for soybeans because all producers of soybeans produce identical goods.

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