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A firm with a benefit advantage and a highly elastic demand should pursue a pricing strategy that will give it greater profits than its rivals

A firm with a benefit advantage and a highly elastic demand should pursue a pricing strategy that will give it greater profits than its rivals through
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higher margins as it prices sizeably above rivals.
a higher market share as it prices similar to rivals price.
a higher market share as it prices below rivals.
higher margins as it prices similarly to rivals price.

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