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Part 1: A local pet store, Roscoe’s Rascals, which has conce

Paper help Economics Part 1: A local pet store, Roscoe’s Rascals, which has conce

Economics

Part 1: A local pet store, Roscoe’s Rascals, which has conce

Part 1: A local pet store, Roscoe’s Rascals, which has concentrated on selling puppies, is consideri… Show more Part 1: A local pet store, Roscoe’s Rascals, which has concentrated on selling puppies, is considering adding a line of pet food. A contractor estimates that it will cost $10,000 to convert some storage space into a retail area for food. Roscoe’s Rascals will purchase the specialty food for $15 and sell it for $30. Marketing research indicates that the store will sell 900 bags. Should Roscoe’s Rascals add pet food to its products. Part 2: Assume that Roscoe’s Rascals decided to add the pet food line. Two months after it began selling the food, its pet food sales declined dramatically because a competitor across the stress started selling the identical food for $22 per bag. Should Roscoe’s Rascals match the price offered by the competitor? • Show less

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