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The companies do not need to raise prices, they have a few strategies to take: 1. Keep prices the same and hope to make it up on the increased traffic if compe
by Agustus 9y ago
The companies do not need to raise prices, they have a few strategies to take:
1. Keep prices the same and hope to make it up on the increased traffic if competitors increase prices; employment costs stay the same.
2. Keep prices the same; adjusting the costs in employees to offset the higher value they must be returning.