Question: Problem-3: Return to the data for Lavare in Problem 1. Now, assume that a third party has offered to produce sinks at $74 per unit.

Problem-3: Return to the data for Lavare in Problem 1. Now,

Problem-3: Return to the data for Lavare in Problem 1. Now, assume that a third party has offered to produce sinks at $74 per unit. How does this change affect the optimal production plan without a promotion? How does this change affect the optimal timing of a promotion? Explain the changes

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