Why would a firm ever offer a price on a product that is below its full cost?
Describe the reason the firms offer the price on a product below its full cost.
Cost:
Cost can be defined as the cash and cash equivalent which is incurred against the products or its related services which will benefit the organization in the future.
If a firm operates below the full capacity, then the price which exceeds the amount of variable cost will increase the amount of profits...
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