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Assume There Are Three Hardware Stores in the Market for Hammers

question 10

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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 decreased from $15 to $11:

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Definitions:

Audience Needs

The requirements or expectations of the audience that need to be addressed or fulfilled by a speaker, writer, or performer.

Unfamiliar Audience

A group of people who are not well known or understood by the speaker or writer, often requiring tailored communication strategies.

Informational Needs

The specific data or knowledge required by individuals or organizations to make informed decisions or solve problems.

Oral Channel

A method of communication that involves spoken words, such as face-to-face conversations or telephone calls.

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