Problem 5 Ajax Cleaning Products is a medium-sized firm operating in an industry dominated by one very large firm-Tile King.

Problem 5Ajax Cleaning Products is a medium-sized firm operating in an industry dominated by one very large firm-Tile King. Ajax produces a multi-headed tunnel wall scrubber that is very similar to a model produced by Tile King. Ajax has decided to charge the same price as Tile King to avoid the possibility of a price war. The price charged by tile King is $20,000.