Business, 11.07.2019 11:30, lilbopeep21

When shortech introduced its quadrant mobile phone, it had few competitors and so it set a price of $500, while its unit (marginal) cost was $350. the economics consulting firm it hired to estimate the demand elasticity confirmed that this was indeed the optimal price at the time?

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When shortech introduced its quadrant mobile phone, it had few competitors and so it set a price of...