Multiple Choice
Scenario: The market demand for soccer balls in a small town is 2,500 units, and there are two rival sports brands selling soccer balls in this town, Sporty and Go! The products of the two brands are identical.
-Refer to the scenario above.If Aqua Inc.charges a price of $20 for each unit of Good A and Blu Corp.charges a price of $60,Blu Corp.will ________.
A) face the entire market demand
B) lose all its customers to Aqua Inc.
C) face a demand of 2,000 units
D) face a demand of 1,500 units
Correct Answer:
Verified
Correct Answer:
Verified
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