Assume that in Problem 5 the total market for eyeglasses in this community is 2,400 pairs. What are the market share implications of a $100 price? A $200 price?

Problem 5

An ophthalmology practice is deciding whether to offer prescription eyeglasses for sale in-house. The new service would require the training and hiring of additional personnel, inventory for glasses and frames, and some minor space alterations. The utilized space in the office would be a charge allocated to the program. The costs for this new service are: