Desperate need for more ventilators to care for patients

Reference no: EM133207836 , Length: 150 Words

At the start of the COVID pandemic in 2020, there was a desperate need for more ventilators to care for patients. Ventac, a ventilator manufacturer, was producing about 100 units a month, presumably their profit-maximizing rate of output. General Motors (GM) was called on to assist by producing 10,000 Ventac ventilators per month, presumably their profit-maximizing rate of output. Discuss why GM's profit-maximizing rate of output was so much higher than Ventac's. Additionally, why has GM not continued to produce the Ventac ventilators, essentially stealing Ventac's business?

Reference no: EM133207836

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