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A firm can maximise its sales either by selling low quantity at a higher price or by selling higher at a lower price ? Both yields the same revenue to the firm. Which one in youropinion will be right for him ? |
| Answer» Solution :In my opinion he should sell a higher quantity by reducing PRICE because by doing so he is following a policy which is socially desirable. It will be affordable for all the consumers as his REVENUES are not falling using this strategy, his business ETHICS will ALSO be promoted. | |