1. In general, a firm's pricing power relies on: 
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3. 1. its ability to charge different prices to different consumers based on consumer elasticity 
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5. 2. its ability to charge maximum prices to different consumers based on their desire for the product 
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7. 3. its ability to charge lower prices to consumers early in the product life cycle and then increase prices later on the product life cycle
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9. 4. all the above

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Answer A its ability to charge different price to differen... View the full answer