Business, 19.09.2019 22:00 angelZ3947

Assume there are three hardware stores in the market for hammers and that all three markets produce a single, standard model hammer. house depot is an enormous mass producer of hammers and can offer a hammer for sale for a minimum of $7. lace hardware is a franchise and can offer the hammer for sale for a minimum of $10. bob's hardware store is a family owned and operated, independent hardware store and can offer hammers at a minimum price of $13. given the scenario described, if the market price of hammers was $10, then: - only house depot and bob's hardware would supply hammers to the market. - house depot, lace hardware, and bob's hardware would all supply hammers to the market, but bob's would lose surplus. - only house depot and lace hardware would gain surplus by supplying hammers to the market. -only house depot would gain surplus by supplying hammers to the market.

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Assume there are three hardware stores in the market for hammers and that all three markets produce...

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