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Number of companies under competitive conditions

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Reference no: EM132422681

Question 1: What will happen to the store if another retailer starts selling legal pot? What will happen when a large number of stores open? What happens to the industry and the number of companies under competitive conditions? If there are already stores in the Amherst area, would you necessarily recommend opening a new one?

Question 2: Discuss at least three strategies your employer could follow to give it more monopoly power and allow it to raise prices even without collusion.

Reference no: EM132422681

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