You should adjust your price to sue to the new entry and
Suppose that a new entry has decreased your demand elasticity from -2 to -3 (made demand more elastic) and that your price before the new entry was $20. You should adjust your price to ______sue to the new entry and decreased demand elasticity.
Now Priced at $10 (50% Discount)
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suppose the number of firms you compete with recently increased you estimated that as a result of the increased
suppose that a new entry has decreased your demand elasticity from -2 to -3 made demand more elastic and that your
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