asked 77.0k views
2 votes
You are the only clothes producer in the industry. You can choose a price that _____.

reduces your revenue
maximizes your profits
lowers your costs

2 Answers

2 votes

Answer:

maximizes your profits

Step-by-step explanation:

answered
User Optiq
by
8.8k points
2 votes
So, if you are the only such producer, it means that you don't have to fear a competition! this means that if people want to have clothes, they will have to buy with you, no matter what prize you set. Because of this, you can decide to set your prizes very high so that you can Maximize your profit!
answered
User Henoc Salinas
by
7.7k points
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