KinderCare operates the only daycare center in an exclusive neighborhood and they are making a large

KinderCare operates the only daycare center in an exclusive
neighborhood and they are making a large economic profit The owners believe
that new day cares will soon learn of this highly profitable market & try
to enter the market so they decide to begin spending immediately a large amount
of money on advertising designed to decrease elasticity Do you believe the
owners should wait until these new day cares actually enter? Why or why not?
How could the advertising be employed to allow KinderCare to keep price above
average cost without encouraging the entry?

 

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