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51.Helya is operating a small grocery store in a remote area with no competition.Recently, however, several prospective competitors are looking around and are contemplating entry
51.Helya is operating a small grocery store in a remote area with no competition.Recently, however, several prospective competitors are looking around and are contemplating entry into this market.
A.What pricing strategy she might utilize to deter the competitors from entering his market?
B.Suppose that eventually large number of competitors enter this market.What do we think would be the differences in the grocery market before and after of the entry by the new firms?
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