Business, 17.12.2019 06:31, devinr36

You are the manager of a small u. s. firm that sells nails in a competitive u. s. market (the nails you sell are a standardized commodity; stores view your nails as identical to those available from hundreds of other firms). you are concerned about two events you recently learned about through trade publications: (1) the overall market supply of nails will decrease by 2 percent, due to exit by foreign competitors; and (2) due to a growing u. s. economy, the overall market demand for nails will increase by 2 percent. based on this information, should you plan to increase or decrease your production of nails

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You are the manager of a small u. s. firm that sells nails in a competitive u. s. market (the nails...