Jones is the manager of an upscale clothing store in a shopping mall that contains only two such stores.

Jones is the manager of an upscale clothing store in a shopping mall that contains only two such stores. While these two competitors do not carry the same brands of clothes, they serve a similar clientele. Jones was recently notified that the mall is going to implement a 10 percent across-the-board increase in rents to all stores in the mall, effective next month. Should Jones raise her prices 10 percent to offset the increase in monthly rent? EXPLAIN CAREFULLY.

Jones is the manager of an upscale clothing store in a shopping mall that contains only two suchstores. While these two competitors do not carry the same brands of clothes, they serve a similar...