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A company is offering Product X, a new generation media device, in a foreign market for the first time. The companys CEO fav

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Answer #1

Correct choice is option D

It is given that the preferences of consumers are different in two regions. due to this reason we can assume that demand functions will also be different and therefore the price elasticity of demand will be greater than one market and smaller than the other. Price discrimination will be helpful in increasing the profits by charging different prices in different regions.

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