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S_leve3 S_leve3
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Posts: 3311
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9 years ago
When Carl's company introduced its new product in the market, it introduced it at the lowest possible price assuming that the demand for the product is going to be highly responsive to the price it is being introduced at. It also believes that a higher sales volume will lead to lower unit costs and higher long-run profit. What can be said about the company's objective?
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milestone23milestone23
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9 years ago
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