Kuzco runs a company that is part of a perfectly competitive market. He is thinking about decreasing his prices, hoping it will increase his profits in the long run. Knowing you have taken an economics course, he asks you for advice. What should you tell him? Briefly explain your answer.

Answer rating: 100% (QA)

Answer I would encourage Kuzco to painstakingly reexamine his choice to dimini... View the full answer