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    Competition

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    Suppose you ran the only bakery in town. Further suppose that it was currently very profitable.

    A. What things might you consider if you wanted to ensure that you continued to enjoy the same success in the future?
    B. What might you do to head off competition?

    © BrainMass Inc. brainmass.com October 9, 2019, 7:48 pm ad1c9bdddf
    https://brainmass.com/economics/competition/competition-example-problem-129898

    Solution Preview

    Apart from regularly innovating my product line and selling high quality bakery products to my customers on a ...

    Solution Summary

    Competition is discussed in this solution.

    $2.19