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What factors may influence a business owner's decision regarding the pricing of their items? Feel free to include real-world examples that you have experienced. Why
- What factors may influence a business owner's decision regarding the pricing of their items? Feel free to include real-world examples that you have experienced.
- Why would Craig, the manager of the market in the video, decide to set the price of the soda at $3.40, instead of $3.50, which is the price that yields unit elasticity? Is it wrong for him to set the price at $3.40? What is acceptable?
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Smith and Robersons Business Law
Authors: Richard A. Mann, Barry S. Roberts
16th edition
978-1285428253, 1285428250, 978-1305176614, 1305176618, 978-0357700310, 978-0538473637
