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Suppose you own the patent for a new type of bicycle lights, hence giving you a monopoly over the industry. If you lower the price of the light from $10 to $9, then we know for …

Suppose you own the patent for a new type of bicycle lights, hence giving you a monopoly over the industry. If you lower the price of the light from $10 to $9, then we know for …
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Suppose you own the patent for a new type of bicycle lights, hence giving you a monopoly over the industry. If you lower the price of the light from $10 to $9, then we know for sure that at the new price:

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User Dale Woods
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7.7k points

1 Answer

5 votes
Easy to make sense the inventor lowered the price it must not cost much to make
answered
User Borncrazy
by
7.5k points
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