The retail price of laser printers has decreased from $900 to less than $200 over several years.This is due in large part to:

Name: The retail price of laser printers has decreased from $900 to less than $200 over several years.This is due in large part to:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The decrease in retail price can be attributed to experience curve pricing, which is the reduction in production costs as experience with a product increases over time. This allows companies to lower prices while still maintaining profitability.

The Retail Price of Laser Printers Has Decreased from $900