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  Demand for Corn Flakes is: P = 10 - Q Supply of Kellogg's Corn Flakes is: P = 2 + Q Now a generic company enters the market, selling generic Corn Flakes for $4. Assume consumers are indifferent between generic and Kellogg's Corn Flakes. How many boxes of generic Corn Flakes will sell?

Answer rating: 100% (QA)

Answer Solution Demand for Corn flakes Paloce Supply for Corn flake... View the full answer