In which case will the book sell the most copies


Your publishing house is about ready to release John Grisham's newest novel just in time for Holiday giving. You are in charge of pricing decisions. Explain why it is important for you to know whether Grisham is being paid a lump sum of $5 million or whether he gets royalty payments of 25 percent of gross sales before you decide which price to charge. In which case will the book sell the most copies?

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Microeconomics: In which case will the book sell the most copies
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