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?
- CliveLv 73 weeks ago
What does this have to do with personal finance?
- No MercyLv 74 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
- JudyLv 74 weeks ago
might lower his price to less than you can afford to sell for
- 4 weeks ago
No chance in hell douche