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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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M1 Discussion - case 1.1

M1 Discussion

Q Use this discussion forum to respond to the following prompt. You may also use this forum to ask questions about the Case 1.1 solutions, but you should do so in a separate post. DISCUSSION PROMPT Which “optimal” selling price makes the most sense in the real world? Should you maximize revenue, maximize profit, or minimize cost? Are they all possible? Why? If you are the CEO, what should you do regarding these situations? Please provide some explanations.

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Optimal selling price is the price where the business's total profit is maximized, and it means that the price of the products is too low.