Problem
Hundreds of music stores have been closing in the face of stagnant demand for CDs and new competitors-online music vendors and discount retailers.
a. How would price competition from these new sources cause a retail store to close?
b. In the long run, what effect will new entrants have on the price of CDs?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.