Question: 23. Below are two figures about two competitive themes. (1) For the figure on the left, please explain the implications and for the figure on

23. Below are two figures about two competitive themes.

(1) For the figure on the left, please explain the implications and for the figure on the right, please explain the implications 23. Below are two figures about two competitive

Economies of scale Lower cost Higher profitability and profit growth Increased demand Lower prices Successful differentiation Moderate or no price increase Increase prices more than costs Increased demand Higher profitability and profit growth Economies of scale and lower costs

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