Economy, asked by vishum1713, 3 months ago

Willigness to pay- Actual Pay

Answers

Answered by Nitalhitesh7240

0

Explanation:

Willingness to pay (WTP) is the maximum amount a customer is willing to pay for your product or service. This makes willingness to pay a crucial factor when finding the best price to sell a product at, for both the seller and buyer. Reaching a happy medium between the two entities must be done in order to make a sale.

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