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28 November, 13:04

In three years, assuming the competitive environment remains unchanged, how many units of Cone will Chester be selling in the Nano market segment?

a. 1

b. 687

c. 764

d. 603

e. 464

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  1. 28 November, 13:20
    0
    Since the environment of the competitive market did not change at all since the last three years, so the units of Cone sold by Chester would be the same since the last three years only. It will not change at all because of the same market environment.

    Had there been any changes like in the quality, the price, the process of manufacturing and so on, the quantity sold would change. But in this situation there will be no change in the units sold.
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