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Given assumptions, optimal price is the price that produces the greatest total profit for a business. But prices are affected by other considerations, which are
Given assumptions, "optimal price" is the price that produces the greatest total profit for a business. But prices are affected by other considerations, which are not in the "optimal price" formula. Explain two or three reasons why a business might charge a different price than "optimal price" for a good or service.
plz explain it clearly and avoid handwriting
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