I’maSolarPanelCo.
Question
I’maSolarPanelCo. manufactures and distributes solar panels in the US market. Two years ago, it had 5 US competitors, but government stimulus in the industry has encouraged 7 new US competitors to enter the market. In these circumstances, I’maSolarPanelCo.’s price for its output – Q/A (Question and Answer)
Test Answer
Answer:
is dictated by the forces of demand and supply.
Recource microeconomics 8
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