December 2014 LSAT
Section 4
Question 23
NAM1921 on April 17, 2023
Wait, I think I understand. Since the reductions will be across the market, no matter who the buyer is, the highest price will be reduced, and therefore the principle about commanding the highest price will be violated. Right?Emil-Kunkin on April 18, 2023
Exactly! We need to sell for the highest price it could command, and intentionally lowering the market price doesn't change the fact that if not for the other condition it could have been sold for a higher price