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How will the price of a product impact on the profits of the entrepreneur​

User JosephM
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10 votes

Answer:

The higher your price, the less volume you have to produce for a given dollar amount of profit! Even a small price increase can generate significant additional profit. ... When a business comes out with a new product or service and they are the first to market, they may be able to charge high prices initially.

Step-by-step explanation:

User Yeasir Arafat
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