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    Economics Principles and Policy Study Set 2
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    Exam 8: Output, Price, and Profit: the Importance of Marginal Analysis
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    For a Number of Years, General Motors Used a Pricing
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For a Number of Years, General Motors Used a Pricing

Question 29

Question 29

Essay

For a number of years, General Motors used a pricing strategy designed to maintain at least 40 percent of the American car market.Does this strategy suggest that GM was maximizing profits or pursuing an alternative strategy?

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Pursuing market share is not the same th...

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