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Demand Analysis and Optimal Pricing
Managerial Economics:
1. Why is knowing (or estimating) the product demand so crucial for a firm?
2. In your response, include an example of a business that has suffered from poorly estimating the demand of its products.
3. Evaluate how or why the business made such a mistake? Minimum of 300 words, add citations and references.
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Excel) A tollway truck plaza gives a discount on diesel fuel to truckers based on the total quantity they purchase. Which of the formulas below calculates the correct total price to charge a customer for the diesel pumped based on the following co..
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An argument can be made that the Government could improve consumer welfare by requiring companies to provide accurate information to consumers about their products.
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