Explain the follow-up pricing
Explain the follow-up pricing.
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Follow up pricing:
It is the most popular price policy. In this, a firm finds out the price policy as per the price policies of competitors. When the competitors decrease the price of the product, the firm also decreases the price of its product. When the competitors raise the price, the firm also follows similar.
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I am uploading another project. Please provide cost and estimated delivery day. Thanks.
When, for a specified output level, an absolute or perfectly competitive firm's price is less in that case its average variable cost, so the firm: w) is earning a profit. x) must shut down. y) must increase output. z) must increase price. Discover Q & A Leading Solution Library Avail More Than 1432437 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1925698 Asked 3,689 Active Tutors 1432437 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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