Sellers are willing to sell their product at a very low price even it high priced items cost more? What is the rational behind this concept? a. To dominate the market with low-cost items b. Low priced items are a magnet for customers to come in and this will create opportunity to sell low priced item with high markup price. c. To lure frequent buyers. d. This reduces the incentives of trade.

Sellers are willing to sell their product at a very low price even it high priced items cost more? What is the rational behind this concept? a. To dominate the market with low-cost items b. Low priced items are a magnet for customers to come in and this will create opportunity to sell low priced item with high markup price. c. To lure frequent buyers. d. This reduces the incentives of trade.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter11: Marketing And Distribution

Section: Chapter Questions

Problem 8AA

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