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Compared to the outcome when the firms are price takers, competitive price searcher markets will result in a __ variety of products and __ prices

User Davo
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Final answer:

A competitive price searcher market will result in a larger variety of products and higher prices.

Step-by-step explanation:

In a competitive price searcher market, there will be more variety of products compared to when the firms are price takers. This is because firms in a competitive price searcher market differentiate their products to attract customers. Additionally, prices in a competitive price searcher market will be higher than in a perfectly competitive market, where firms are price takers. This is because firms in a competitive price searcher market have some control over the price they charge.

User Tom Johnson
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