according to the menu cost theory, firms will be slow in changing their prices because:

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27-06-2022
Business

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according to the menu cost theory, firms will be slow in changing their prices because:

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ogorwyne ogorwyne · Answer 1 · 2022-06-28T13:12:36+02:00

According to the menu cost the firms would be slow to changing prices because .the cost of changing the price might exceed the additional profit the price change would generate.

What is the menu cost theory?

This is the theory in the field of economics that helps to ensure the reflection of the effect of the change in price to an establishment.

According to this theory, the the cost of changing the price might exceed the additional profit the price change would generate.

Read more on the menu cost theory here:

https://brainly.com/question/4953989

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