Suppose the market for gourmet chocolate is in long-run equilibrium, and an economic downturn has reduced consumer discretionary incomes. Assume chocolate is a normal good, and the chocolate producers have identical cost structures. a. Demand will (Click to select) . b. Profits for chocolate producers in the short run will (Click to select) . c. Chocolate producers will (Click to select) the market.

1. avoid them

2. a talk with them

3. ask someone you trust

4. ignore

5. call police

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;

answer; synthetic production system;