A company believes that its product will exhibit network effects if enough consumers begin to use it. How might this company dec

Question

igomit [66]

4 years ago

6

A company believes that its product will exhibit network effects if enough consumers begin to use it. How might this company dec

ide to price its product?

English

1 answer:

True [87] · Answer 1 · 2022-01-17T10:39:50+03:00

True [87]4 years ago

5 0

They would have to price it at low cost first before tryna to get their customer to pay a high price. They must wait until their product is popular or well-known before raising the prices.