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As the sales manager of an appliance store, you sometimes visit outlets run by your competitors. Six months ago you noticed that their prices were very close to yours. Yesterday, you observed that their price have decreased and yours have not. Nevertheless your total unit sales have increased over this period. Assuming rational buyers and no deceptive advertising, how can you account for this?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M945647

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