Question
Amy runs a business in a market where all firms are price takers. Bill suggests that she lower her price to attract even more business.
Amy runs a business in a market where all firms are price takers. Bill suggests that she lower her price to attract even more business. Should Amy follow Bill's suggestion, or should she even consider raising her price?
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Experimental Econophysics Properties And Mechanisms Of Laboratory Markets
Authors: Ji Ping Huang
1st Edition
3662442345, 9783662442340
