Shoe for All company was a monopoly. But then competition was allowed to enter its market. As a result of this competition, the

Question

soldi70 [24.7K]

2 years ago

12

Shoe for All company was a monopoly. But then competition was allowed to enter its market. As a result of this competition, the

prices at Shoe for All Company were likely to:
1. Drop

2. Remain the same

3. Rise

English

2 answers:

guajiro [1.7K] · Answer 1 · 2022-06-13T09:41:19+03:00

Answer:

(PLEASE MARK BRAINLEST) anwser is drop

Explanation:

When a competition enter the market, consumers now had another option to choose beside the product from shoe for all company's. Eventually, the shoe for all company would feel pressured to drop the price of the product in order to make it more appealing for the consumers and maintain their position in the market

zloy xaker [14] · Answer 2 · 2022-06-13T10:54:05+03:00

zloy xaker [14]2 years ago

5 0

Answer:

drop

Explanation: