Occasionally, prices may rise later in the product's life cycle. This is often due to
A) new competitors entering the market.
B) production economies of scale.
C) a decrease in the price of raw materials.
D) nostalgia and fad factors.
E) the type of competitive market shifts from pure monopoly to pure competition.

Question

Quizplus · Accepted Answer

Nostalgia and fad factors can lead to increased demand for a product, allowing companies to raise prices even later in the product's life cycle.

Occasionally, Prices May Rise Later in the Product's Life Cycle