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Price determination - Coggle Diagram
Price determination
utility and demand
more utility
more price
low utility
less price
demand is elastic
hihg price
demad is inelastic
low price
Production Cost
high price
High
low price
low
profit maximaization
shot run
high price
long run
low price
competition
more competiton
low price
less competiton
high [rice
marketing activity used
high marketing activites
hig price
low marketing activites
low price
govt
fixed