Please share your thoughts on the Monsanto (you could refer to the specific questions as stated in the case). It would help if you were to update the case with more current information on Monsanto (for example, by going to finance.yahoo.com).
Please see attachment of case study and answer questions including the one above.
Answer a: Cutting the price was a good idea because the patent on the product was soon expiring. If Monsanto does not cut prices, then competition will enter the market and underprice Monsanto. Since the product is pretty much a commodity, there is no incentive for customers to stay with Monsanto. They will just go with the lowest price ...
The solution goes into a great amount of detail about the question being asked. The concepts are very well explained and easy to understand. The solution can be followed very easily by anyone who has some understanding of the concepts beforehand. Overall, an excellent response to the question.