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Some businesses will determine their pricing structure and modify it in order to maximize revenue, either by raising or lowering the price. For some organizations, lowering prices might be an effective means for increasing revenue. Select an organization you work for or are familiar with. Could the organization you have chosen lower prices to increase revenue?

Why or why not?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M937774

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