Question: Consider Table 21P-7, which shows several different types of goods sold in a hypothetical town. Imagine a new competitor enters who refuses to discriminate between

Consider Table 21P-7, which shows several different types of goods sold in a hypothetical town. Imagine a new competitor enters who refuses to discriminate between locals and foreigners in hiring employees. Determine whether the new competitor will do well in the town, given market conditions, for each market (pajama pants, bow ties, and yo-yos).

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