Question:

A firm sells razors and blades separately. The firm estimates the market demand for its blades.?

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Explain how it should decide the price of the razor and the price of the blades.

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  1. Give away the razors. All the money is made on the repeat buys of the blades. So razor should be sold at small, no or negative profit. Blades, should be priced at 10 times cost minimum.

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