Through research and development, a cable company has found a way to use its existing network lines to serve customers with a new product offering – home security systems. the company is offering the service for a lower monthly fee than most security companies. however, the sales force didn't see a lot of interest among its customers who had an existing security system from a competitor until they ran a promotion for reduced prices on equipment and free installation. which of the competitive forces is at play? a. cost conditions b. bargaining power of suppliers c. customer switching costs d. complementors

Brian has just finished college. he wants to set up a small business to make and sell fireworks. he registers his company and acquires a license from the government. he finds that most of his competitors are selling fireworks at an extremely low price. he would like to make more money, so he decides to innovate and develop better fireworks. he sells his fireworks at a higher price, and they are a huge hit with the customers. after a few years, he earns enough profit to set up a bigger fireworks factory that complies with the government’s health and safety regulations. he even starts exporting fireworks overseas. which type of economy does this scenario describe?