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Chapter 8






                          Overview





                 Algebraic                    Pricing new      Penetration        Market        Premium
               approach        Tabular          product           pricing        skimming        pricing
                MR=MC          approach






                       Profit
                 maximisation
                                                       Marketing-based approach
                      model







                                            The pricing decision








                       Price                Cost-based approach                           Product
                  elasticity of
                                                                                          lifecycle
                     demand



                                         Full cost-plus        Marginal cost-
                                             pricing             plus pricing
















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