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Using info below, if your price was set at $1000 and your competitors was at $700, who would fare better in the market described below?

Using info below, if your price was set at $1000 and your competitors was at $700, who would fare better in the market described below? image.png image.png Group of answer choices Neither product because the ideal point is $1064/ The $1000 product because it has higher utility. The $700 product because it is lower priced. Both products would fare equally well because the utility level is near 1.0

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