1 a .

.
b.

:
4

:
:
:
"

C. i The profit radioing for the firm would be 10 shirts .

Profit -111 be around $6
ii.
Producing one or more shirts could lower profits as firms lose out on maximizing their profits .

iii.
(10-18)-121=959
d. As more
people enter the market as
suppliers ,
price would be driven down as the supply at T -

shirts is

a lot higher than the demand .

e. If everyone opened -
store sellers could
.
constantly drop prices to compete .

f. The price of real estate ? how much of that real estate is

open
for retail usage .
-
Less people could
afford these
spaces id all these suppliers filled the area .

T-shirts
I Mc=5q- 30 Quantity of produced is 9,600

18=59-30

9=9.6
4 a. There are a lot of firms is the food retail industry
b. Each Arm is tiny in
comparison to the market as a whole

C. Not all firms change at the same

price Quality differs
.
I also the brand has a lot of parer in

price States of restaurant greatly Brat price People purchase meals Aam
any
a -
.
-
can .

different price ranges on dailies to

special occasions .

d. All firms have different costs to At their needs I criteria Also it job has own . a a re

demand usually
goes up as the job is handed are tips
in cases some
wage -

e. There are many barriers in the retail food industry things such sourcing bar supplies ,
as
.

empitoyees ,
-

costars are
very competitive .

f. Profits in
the Dead industry is
possible as
1- s as you have good food
% marketing
down there
9. The food industry scale it
retail as a whole is very captive but ,
if you is

drays room for a

"
new
"

type of thing .