Question

Setting the price for a new product is less difficult when other products like it are already being sold. This is true because ______. Multiple choice question. consumers will have become used to paying artificially high prices for products in that category all retail outlets in the area can get together and agree to sell the product for the same price, regardless of its actual value consumers will have learned to depend on that type of product and will pay whatever it costs the market will have established a general value for that sort of item

Answer 1

the market will have established a general value for that sort of item

Step-by-step explanation:

If we set the price of the new product so it would be less difficult in the case when the other kind of products are being sold because in the market the products make the image of the company that the audience will be aware of

So according to the given situation, the last option is correct

And, the rest of the options does not represent the given case