Problem
A new swing for female golfers Callaway and Nike, two of the leading golf-equipment manufacturers, recently released new clubs designed for women. They are the hottest innovation in golf.
Explain why the economic profit that Callaway and Nike make in this market is likely to be temporary. Draw a graph to illustrate their excess capacity in the long run.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.