Problem
1. General Motors declared bankruptcy in 2009. If it goes out of business altogether, why might that not reduce the competition facing rival automaker Ford? (Hint: At what price would the assets of the bankrupt companies be offered for sale?)
2. What does your answer to the previous question tell you about the ease or difficulty of entry into the automobile industry?
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.