How will pricing relate to elasticity of your product? how will changes in the quantity supplied as a result of your pricing decisions affect marginal cost and marginal revenue? besides your pricing decisions, what are your suggested non-pricing strategies? what non-pricing strategies will you use to increase barriers to entry? how could changes in your business operations alter the mix of fixed and variable costs in line with your strategy?

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Elasticity is how much ones demand for a good changes in relation to price changes If the demand for a good is inelastic then people will not change t... View the full answer