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Raise Price
The act of increasing the cost at which a good or service is sold, which can affect demand, revenue, and profit margins.
Lose Sales
The phenomenon of experiencing a reduction in the number of units sold or in total revenue.
Competitive Price-searcher
A market condition where businesses actively seek to determine the optimal pricing of their goods or services relative to their competitors to gain market share.
Entry Barriers
Obstacles that make it difficult for new competitors to enter a market.
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