Shiny Kitchen Inc. and Juicello Corp. are two competitors in the electric juicer market. The cost incurred by each company to manufacture juicers is $75 per unit. Although both the companies sell their juicers at the same price, Juicello has a larger market share in the electric juicer industry. What does this imply?

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The fact that Juicello Corp has a larger market share in the electric juicer industry despite incurr... View the full answer