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What type of a market does company plus inc

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Company Plus, Inc. a manufacturer of bottled water, has enjoyed rapid growth in sales of one of its flavored water products, Xtrafresh, for which it has a patent, which has just expired. It now faces fierce competition from many other existing bottled water manufacturers in the case of Xtrafresh.

a. As a manufacturer competing in the bottled water market, what type of a market does Company Plus Inc. operate in before and after the patent expired? Explain why.

b. What will happen to Company Plus Inc. now that the patent has expired?

Reference no: EM132492481

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