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    Competition

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    Suppose you ran the only bakery in town that was currently very profitable. What things might you consider if you wanted to ensure that you continued to enjoy the same success in the future? What might you do to head off competition?

    © BrainMass Inc. brainmass.com October 9, 2019, 11:21 pm ad1c9bdddf
    https://brainmass.com/economics/monopolies/competition-253576

    Solution Preview

    I will try to remain competitive in terms of pricing and provide "full value of money" to my customers with innovative, high quality products ...

    Solution Summary

    Suppose you ran the only bakery in town that was currently very profitable. What things might you consider if you wanted to ensure that you continued to enjoy the same success in the future?

    $2.19