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How does your profit affect the price in Low Cost Advantage? a.The firm's profit does not affect the market price. b.The larger the profit, the
How does your profit affect the price in Low Cost Advantage?
a.The firm's profit does not affect the market price.
b.The larger the profit, the higher the price to allow that level of profit.
c.There are no high profits, at any price, in Low Cost Advantage (high profits are associated with Differentiation Advantage).
d.Increases in profit cause increases in price.
e.B and D.
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