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If the impact of the U.S. imposed on Japan "voluntary export restraint' of passengar cars to the U.S. from 2,000,000 units of 1991 to 1,600,000 units a year for the next 5 years will be a short term average price increase of 22.296%. What should Honda and Toyota do to manage this short term average price increase?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M948301

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