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When you are the low-cost provider in your industry: You can keep your prices at market levels and earn larger profit margins People will always
When you are the low-cost provider in your industry: You can keep your prices at market levels and earn larger profit margins People will always think that your products are cheap You can lower your prices and pick up greater market share The first and third answers are both correct
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
9th Edition
978-0132146654, 0132146657, 9780273754091, 978-0273754206
