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a. Mrs. Smith is the owner of Bham Retail, which is a local shop that has been doing business in Birmingham since 2010. Mrs Smith

a. Mrs. Smith is the owner of Bham Retail, which is a local shop that has been doing business in Birmingham since 2010. Mrs Smith is considering maximizing revenue.

Discuss whether increasing prices of all goods is a good strategy or not. In addition, what information would Mrs Smith require in order to make this decision?

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