Question 1 of 30
A company is analyzing its competitive pricing strategy for a new software product. The company has identified three competitors with the following pricing structures: Competitor X charges $150 per license, Competitor Y charges $120 per license, and Competitor Z charges $135 per license. The company aims to set its price at a level that is 10% lower than the average price of its competitors to attract more customers. What should the company set as its price per license?
$108
$112
$115
$120

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