If you sell with a price that is above or below the optimum, Business Economics

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If you sell with a price that is above or below the optimum

If you sell with a price that is above or below the optimum price, what happens with the consumer surplus? Does your response depend on whether it is perfect competition or perfect monopoly? When you respond think on the promos and combos that rely on this concept: do they work better in monopolistic or perfect competition situation?

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