How does competition among too few sellers affect price?

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asked Apr 3, 2018 187k views

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Mobabo · Answer 1 · 2018-04-08T06:42:07+0000

When there are not many sellers of a item the price of the item goes up because not many people have that item or sell it and the fewer the people that sell that item the more money the people make that have it and it makes it harder to get.

How does competition among too few sellers affect price?

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