I don’t know how to handle this Business question and need guidance.
From the first e-Activity, imagine this company acting as a
monopoly was to have a new competitor arrive in the marketplace. Assess
how the monopoly would likely change its pricing strategy to compensate
for the new competition.
From the first e-Activity, speculate
how the monopolist could be more efficient in the long-run considering
new competition has entered the marketplace.
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