Do price reductions always result in higher profits for
Do price reductions always result in higher profits? For example, if the demand for a firm's product is price inelastic, will the firm increase its profits by cutting its price? Explain.
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assume that two firms sell differentiated products and face the following demand curves q1 15 minus p1 05 p2 and q2
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do price reductions always result in higher profits for example if the demand for a firms product is price inelastic
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