(a) What impact will a producer - producer rivalry have on a good's prices (increase or

decrease)? Please explain

(b) What impact will a consumer - consumer rivalry have on a good's prices (increase or

decrease)?

(c) A bond pays $100 at the end of each year for five years, plus an additional $1,000 when the

bond matures at the end of five years. What is the present value of all the future payments if your opportunity cost of funds (interest rate) is 6 percent?(You get one payment of $100 one year from now, $100 two years from now, $100 three years from now, $100 our years from now, and 5 years from now in the last year you get the final $100 payment and an additional $1,000 payment).