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10. Quick Change and Fast Change are competing oil change businesses. Both companies have 5,000 customers. The price of an oil change at both companies

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10. Quick Change and Fast Change are competing oil change businesses. Both companies have 5,000 customers. The price of an oil change at both companies is $20. Quick Change pays its employees on a salary basis, and its salary expense is $40,000. Fast Change pays its employees $8 per customer served. Suppose Quick Change is able to lure 1,000 customers from Fast Change by lowering its price to $18 per vehicle. Thus, Quick Change will have 6,000 customers and Fast Change will have only 4,000 customers Select the correct statement from the following A Quick Change's profit will increase while Fast Change's profit will fall. B. Fast Change's profit will fall but it will still earn a higher profit than Quick Change. c. Profits will decline for both Quick Change and Fast Change D. Quick Change's profit will remain the same while Fast Change's profit will decrease

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