Explain marketers estimating the demand curve

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Explain Marketers estimating the demand curve

Answer don't have to worry about price competition because of the nature of the demand curve. Can use marginal examination to help it maximize profits. Will have to charge the market price which is set by the connection of industry supply and demand. Could use marginal analysis to compare alternatives however this would not help in pricing for the reason that this method focuses on selling one more unit as well as therefore ignores total profitability.

Reference no: EM1379408

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