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(TCOs A and D) Suppose you are hired to manage a small manufacturing facility that produces Widgets. (30 points) (Part A) You know that you

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(TCOs A and D) Suppose you are hired to manage a small manufacturing facility that produces Widgets. (30 points) (Part A) You know that you are operating in a monopolistically competitive market, that is, you are a small part of a large market with many competitors in this market. From data collected on the Widget Market, you know that market demand has recently decreased and market supply has recently increased Name two shift factors and determinants that could have caused the market demand to decrease and two shift factors and determinants that could have caused the market supply to increase. Also as manager of the facility, what decisions should you make regarding production levels and pricing for your Widget facility? (15 points)

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