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Joe's Computers is a single seller that produces a new product with no close substitutes. This business is a _____. price taker price setter

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Answer:

price setter....

User Reha
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This business is a price setter. There are two kinds of business in the market: price takers and price setters. Price setters are those that don't go with the flow, and set their own market value. Price takers are the opposite. They mostly follow or accept the prevailing market prices. Since the business sells a product that's one-of-a-kind, it has the advantage of selling it at any price it wants.
User Millenomi
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