Prices may actually rise for a product in the decline stage of the product life cycle.

Name: Prices may actually rise for a product in the decline stage of the product life cycle.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When only one firm is left in the market,prices begin to stabilize,but they may eventually rise dramatically if the product survives and moves into the specialty goods category,as horse-drawn carriages and vinyl records have.

Prices May Actually Rise for a Product in the Decline