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Some products, such as vintage cars, sell at higher prices today than when they were in production, even though they have reached the decline phase
Some products, such as vintage cars, sell at higher prices today than when they were in production, even though they have reached the decline phase of the product life cycle. Why would this be the case? a. There has been a rise in demand among laggards. b. Niche markets have developed, and supply is limited. c. The original manufacturers decided to resume production to increase supply. d. There has been an increase in selective demand
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