Explore BrainMass
Share

Explore BrainMass

    Pricing

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Why do you think in certain instances one firm can provide lower prices than two or more firms?

    © BrainMass Inc. brainmass.com October 10, 2019, 2:21 am ad1c9bdddf
    https://brainmass.com/economics/production/managerial-economics-pricing-373679

    Solution Preview

    It is possible for one firm to provide better prices than other two or firms because of the following:

    1. The firm might have obtained patent or copy right for a certain product and other firms have license for this and are paying a license fee. Firm, which is not paying license fee, can definitely offer better prices.

    2. A firm ...

    Solution Summary

    Solution discusses how one firm can provide lower prices than two or more firms in certain instances.

    $2.19