Answer the question on the basis of the following demand and cost data for a specific firm. Demand Data Cost Data
(1) Price (2) Price (3) Quantity Output Total Cost
$11.00 $10.00 6 6 $61
9.99 8.85 7 7 62
9.00 8.00 8 8 64
8.00 7.00 9 9 67
7.10 6.10 10 10 72
6.00 5.00 11 11 79
5.15 4.15 12 12 86
Suppose that entry into the industry changes this firm's demand schedule from columns (1) and (3) to columns (2) and (3). We can conclude that this industry is:
a. a pure monopoly.
b. purely competitive.
c. a constant cost industry.
d. monopolistically competitive.

Which sentence in the passage refers to the "analysis" of a given problem? jeremy is the production manager in a manafacturing company. he has identified a problem in the production process. he has estimated that the problem would lead to a loss of $10,000 and would require time to resolve. further, he has also identified the source of the problem to be the outdated machinery, which might require major repair, if not immediate replacement. finally, jeremy has also divided the problem into smaller parts, such as production costs, overheads, downtime expense, repair expenditure, and so on.