The Wankel Publishing Company is planning to start a new magazine devoted to girls' high school basketball. The company has the following information. According to census data, one of the states where it wishes to introduce the magazine has a population of 1 million girls aged thirteen to eighteen years. A national study found that 42 percent of high school girls compete in sports, and the High School League annual report suggests that 20 percent of high school girl athletes play basketball. Wankel Publishing has found, through past experience in specialty magazines, that it can have the monopoly status in a market for at most three years (100 percent market share). Under a best-case scenario, it plans to have 4 percent market penetration in year 1, 8 percent in year 2, and 12 percent in year 3. a. What will be the peak number of subscribers in the best-case scenario over the next three years

no one can you on this you have to find a website that displays their earnings for this

answer; rapid growth in buyer demand and high buyer switching cost;

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.