For a product that has a large economic value, a firm can choose to charge the same price as competitors in order to ______. Multiple choice question. increase return on invested capital maximize profit gain market share cover opportunity costs

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10-02-2022
Business

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For a product that has a large economic value, a firm can choose to charge the same price as competitors in order to ______. Multiple choice question. increase return on invested capital maximize profit gain market share cover opportunity costs

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Tundexi Tundexi · Answer 1 · 2022-02-23T09:56:00+01:00

In order to gain market share, some a firm whose product that has a large economic value do decides to charge the same price as competitors.

What is a market share?

A market share refers to an industry percentage that is earned by a particular company over a specified time

In conclusion, some firm whose product that has a large economic value charges the same price as competitors In order to gain market share.