Answer:
c) $22,000
Explanation:
Find the attachment below
Answer:
Price will likely be lowered and quantity supplied increased.
Explanation:
This is the case of exercising barriers to entry. Predatory pricing or limit pricing can be an effective strategic move here by the existing 5 companies.
In the strategies mentioned above, firms deliberately lower their prices even if it means a loss in the short run to force out any new entrants. Since the prices may be set lower than average total costs, it is extremely difficult for new entrants to make any profits and thus they might be forced out. This is also accompanied by an increased supply of fertilizers that helps these 5 companies exercise price control by influencing supply in the market. The equilibrium quantity thus increases in the market.
Hope that helps.
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The cost of these elements is part of Jasmine’s product
adaptation in which a product adaptation is responsible for modifying or
determining the products that exist in which will be suitable for customers in
the market. As Jasmine was able to modify the products existing in her bridal
shop that is suitable for its customers.
