Ayush Patel Attempt 1 e 1: ce 2: Page 5 of 20 Question 5 (1 point) which is relevant to market share Price and quantity demanded are negatively correlated based on the Law of demand 3: Gaining more market share makes the firm’s brands recognized and increases sales revenue 3: Competition in the markets might force some firms to lower their prices to a level that starts incurring losses As the firm sets its price, it is meaningful to compare the features of the product to the competitive products in order to justify a higher than or lower than market price 3°C


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