Reference no: EM1344005
Q Abba Babba Cabba
1,000 2,500 2,600 2,700
2,000 2,400 2,300 2,500
3,000 2,200 2,100 2,300
4,000 2,000 2,000 2,100
5,000 2,100 2,200 2,200
6,000 2,200 2,500 2,300
a. Compute the industry o/p also marketplace share at the present price of $2,200, assuming the prices are stable also un such as to change.
b. Assume the present prices in the marketplace are challenged by the regulatory agency, resulting in a new maximum price of $2,000. How will this change the industry o/p also marketplace share for every corporation?