santro789 wrote:
can someone explain what is the conclusion here?
Here goes theconclusion:
Consequently, the strategy to maximize overall profit from a new product is to charge less than the greatest possible price.
Adding my thought process as well.
The author here is of the view that the strategy to maximize the overall profit from a new product is to charge less than the greatest possible price, i.e. the author doesn't agree with the strategy applied by companies which produce technologically advanced
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