As you saw in the video, one of the measures used to demonstrate usain bolt’s competitive advantage in running is the number of gold medals he won during the olympics. which of the following measures, as described in the video, similarly demonstrates mcdonald’s competitive advantage in the fast-food industry?

3rd the reason why is because of management and leadership

answer; institution based;

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.