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If a firm introduces a new, innovative product that complements their existing product, which of the following pricing strategies would you recommend? Group of answer
If a firm introduces a new, innovative product that complements their existing product, which of the following pricing strategies would you recommend? Group of answer choices The firm should raise the prices for both products, but proportionally more for the relatively inelastic good. The firm should increase the price for the more inelastic good and decrease the price for the more elastic good. The firm should reduce the price on both products. The firm should raise the price on both products
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