Demand for Corn Flakes is: P = 12 - Q. Supply of Kellogg's Corn Flakes is: P= 2 + Q. Now a generic company enters the ma
Posted: Fri Jul 01, 2022 8:12 am
company enters the market, selling generic Corn Flakes for $5. Assume consumers are indifferent between generic and Kellogg's Corn Flakes. How many boxes of corn flakes will sell in total (both brand and generic)?
Demand for Corn Flakes is: P = 12 - Q. Supply of Kellogg's Corn Flakes is: P= 2 + Q. Now a generic