Unauthorized Seller Listing an Item at an Inflated Price – I try selling the item and getting "Low-Pricing Error"

Hello, fellow sellers!

I’m an authorized seller for a brand, one of only two authorized sellers for this particular item. I recently listed a new product at its standard price of $19.99. However, there is another unauthorized seller on the ASIN listing it at an extremely high price (~$70). This seller hasn’t made any sales, so I wasn’t too worried.

Unfortunately, within minutes of my listing going live, Amazon removed it, citing a "Potential low-pricing error." I believe this happened due to the significant price disparity between my listing and the other seller’s.

What would be the fastest and most effective way to resolve this issue? I want to ensure the product is available at its regular, fair price for customers.

Thank you in advance for your advice!