​Use the Following Table for Question -​In This Case the Firm Should

question 38

Multiple Choice

​Use the following table for question

-​In this case the firm should

• A)​Produce both the versions and price discriminate since doing so gives a higher revenue
• B)Produce only the no-brand version
• C)Produce only the hi-end professional series
• D)​Exit the marketplace

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Definitions:

Unconscionable

Actions or terms that are excessively unfair or oppressive and not guided by conscience.

Competing In Business

The act of engaging in efforts to win over customers, achieve superior market position, or attain higher sales in a particular marketplace against other businesses.

Illegal Contract

An agreement that is against the law or public policy and therefore unenforceable in a court of law.

Performance Rendered

The execution or completion of a task or duty as agreed in a contract or agreement.