Which of the following statements best explains why producers conduct market research? a. predicting what the government will do producers reduce costs. b. understanding market forces enables producers to make free choices. c. knowing what consumers want producers make more money. d. anticipating trends makes it easier to distribute goods and services.

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators