In which one of the following market situations, the pricing above the prevailing market price is used as a more common practice ?

A Markets where the selling firms face perfect competitive situations.

B Markets where the selling firms want to gain popularity of the products having high cross elasticity of their demand.

C Markets where sellers rely on their customers’ high propensity to consume a prestigious commodity

D Markets where the selling firms have entered into the stages of maturity and saturation

Answer & Explanation
Answer:Markets where sellers rely on their customers’ high propensity to consume a prestigious commodity

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