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The art of getting the price just right? For businesses look to price their products, a new model from Prof. Suraj Malladi explains why starting low and slowly increasing prices can lead to the highest profits. Read more at Kellogg Insight. kell.gg/b5e6cb
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An economic model helps explain why starting low and slowly increasing prices often leads to the highest profits over time.
kell.gg
The Slow Drip of Price Increases
Kellogg School of Management