A firm in a competitive price-searcher market can raise its price without losing all of its customers. This is a result of

A) low entry barriers.
B) a perfectly elastic market demand.
C) the small number of firms in the market.
D) product differentiation.

Product Differentiation

A marketing strategy where a company attempts to distinguish its product or services from the competition.

Competitive Price-searcher

A market structure where firms have some control over their selling price because their products are differentiated, but they still face competition.

Entry Barriers

Obstacles that make it difficult for new competitors to enter a market, which can include high startup costs, regulation, or patent protections.