=+13. Some years ago, an article appeared in the New York Times about IBMs pricing policy. The

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=+13. Some years ago, an article appeared in the New York Times about IBM’s pricing policy. The previous day,

IBM had announced major price cuts on most of its small and medium-sized computers. The article said:
IBM probably has no choice but to cut prices periodically to get its customers to purchase more and

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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