Question

What do virtually all companies in the industry charge Latin American buyers?

1) Higher prices
2) Lower prices
3) Same prices
4) Cannot be determined

Answer 1

Virtually all companies in the industry charge Latin American buyers the same prices.

Step-by-step explanation:

The question asks what virtually all companies in the industry charge Latin American buyers. According to the given information, all companies charge the 'going rate.' If they try to charge more, customers will simply buy from someone else. This implies that virtually all companies charge same prices to Latin American buyers.