Elegant Dogs and Dogs Are Dazzling are competing canine grooming salons. Each company currently serves 4,500 customers per year. Both companies charge $35 to groom a dog. Elegant Dogs pays its dog groomers fixed salaries. Salary expense totals $45,000 per year Dogs Are Dazzling pays its groomers $10 per dog groomed. Elegant Dogs lures 2,000 customers from Dogs Are Dazzling by lowering its grooming price to $25. Dogs Are Dazzling maintains its $35 price. Which of the following is true? 11. a Profits at both cmpanies will decrease and Dogs Are Dazzling's profits will decrease net loss. b. Elegant Dog's rofits will increase c. Dogs Are Dazzling suffer a d. All the statements are false
