English, asked by kingofdj513, 5 hours ago

critically examine the theory of bain,s limit pricing

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Answered by kichuneeru14

1

Answer:

The theory of limit pricing is also known as entry preventing pricing. According to Bain, the price is not set at the minimum point of long run average cost curve. He explained that the firms are deliberately set a price above the minimum of long run average cost in order to restrict the potential entry of new firms.

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