Economy discussion question help?

Imagine that you are managing a small firm and thinking about entering the market of a monopolist. The monopolist is currently charging a high price, and you have calculated that you can make a nice profit charging 10% less than the monopolist. Before you go ahead and challenge the monopolist, what possibility should you consider for how the monopolist might react?

4 Answers

  • Clive
    Lv 7
    3 weeks ago

    What does this have to do with personal finance?

  • 4 weeks ago

    monopolist can afford to make his price way, way cheaper than yours and for a long period of time and crash u as a cockroach u are. when u re at your lowest he will buy your business for bubkus. or not buy it at all

  • Judy
    Lv 7
    4 weeks ago

    might lower his price to less than you can afford to sell for

  • 4 weeks ago

    No chance in hell douche

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