The reservation price is defined as

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    a price set well in advance by contract.
     the maximum price a consumer is willing to pay for a good.
     a price agreed upon by buyer and seller prior to the market transaction taking place.
     the minimum price a consumer is willing to pay for a good.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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the maximum price a consumer is willing to pay for a good.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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