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suppose there exist only four firms in a market. each wants to maximise its market share and increase profits. an incompetent economic analyst advices one of the firms to reduce price to increase its sales. would this be a correct measure to increase market share. what alternative ways would you suggest to the firm to increase sales

Posted by Ritika Chilana 7 years, 11 months ago

CBSE > Class 12 > Economics

2 answers

Mimansha Rawat 7 years, 11 months ago

Non price competition

Kuldeep Singh Gill 7 years, 11 months ago

Fomation of cartels, use of better advertisement metod, get into non-price competition

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