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Question Completion Status: Path: p Words:0/ QUESTION 7 Suppose a firm plans to introduce a new product and believes the profit-maximizing price is going to be $10 per unit. Then it learns that it's fixed costs of producing the good are going to be twice as high as it had originally thought. Some managers say that they must now raise the price to $12 per unit to cover these additional fixed costs. If the original price of $10 per unit was the correct profit-maximizing price assuming the original level of fixed cost, should the firm raise its price? Why or why not? T TT Arial v 3 (12 pt) V T - - = 5 - DiKy Words:0 Path: p Save All Click Save and Submit to save and submit. Click Save All Answers to save all answers. EC500 Study Guide.pdf Type here to search DOLL