Steven Vasquez 1st period Number of Producers email@example.com
Right now, Wilson is the only company making basketballs, causing the price to be so high.
But the basketball season is coming soon, so Nike and Adidas look to make some cash as well from the high demand of basketballs that will come.
Now that there are several competitors, prices have shot down as each company strives for more sales.
JUST DO IT.
If there is only one producer year round,they can set whatever price they please since they are the only ones making the balls. Since Nike and Adidas entered the game they all lower prices to have a better shot at making more sales.
Because nobody wants to buy a Wilson basketball for $50, when they can get a Nike ball for $25.