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DeShawn's Detailing is a service that details cars at the customers' homes or places of work.DeShawn's cost for a basic detailing package is $40, and he charges $75 for this service.For a total price of $90, DeShawn will also detail the car's engine, a service that adds an additional $20 to the total cost of the package.Should DeShawn continue to offer the engine detailing service?
Price Customers
Refers to consumers whose purchasing decisions are primarily influenced by the price of goods or services.
Operate As Cartel
Operate as cartel means when independent businesses collectively agree to control production, market, and prices of a product to monopolize a market.
Industry's Price
The prevailing price level for goods or services within a specific industry, influenced by factors such as supply and demand.
Output
The total amount of goods or services produced by a firm or country within a specific time period.
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