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The next 5 questions relate to the information provided below [11 marks] In 2013, there were allegations of unfair pricing in the Australian photovoltaic solar panel market. Richard Inwood, the part-owner and business manager of Australia's only remaining manufacturer of photovoltaic solar panels asserted that foreign producers have been selling their products in the Australian market at less than their cost of production. As a result, his company had lost market share and was now operating with signicant amounts of excess capacity. It was reported that production costs for a solar panel range from about 70 to 100 cents per watt of capacity. However, imported products are now appearing in the Australian market at prices as low as 45 cents per watt. Particularly in international trade. the practice of selling below the cost of production is often labelled "dum ping.\" Dumping is generally considered to be an unfair trade practice, particularly when it negatively impacts domestic manufacturers in the importing nation. Many consider dumping to be a form of predatory pricing, which is dened as setting a very low price for the purpose of harming competitors. Mr. Inwood says that his rm would breakeven at a price of $1 per watt if his sales volumes remain unchanged at this price. However, he is currently selling its panels in the wholesale market at prices of about 75 cents per watt. His rm is currently operating at half of its full capacity and sells all the panels that it produces. Its full capacity is to produce 20,000,000 watts (of panels) per year. D Question 34 2 pts is it likely that Mr. Inwoocl's rm could decrease losses by lowering their selling price? Explain why or why not. Edit View Insert Format Tools Table 12ptv Paragraphv B I U Av gv TZV abv .v .v p (f) Owords '2