Market testing refers to a. exposing actual products to prospective consumers under realistic purchase conditions to see if they will buy. b. making sales and profit projections on prototype products to make go-no-go decisions. c. conducting marketing research among a sample of consumers in the target market to determine which version of a new-product concept is deemed the best. d. independently run comparison tests with similar products currently in the marketplace to determine which one performs best. e. conducting safety tests to determine whether the new product meets the established requirements when it isn't used as planned.

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.

after cutting wages and benefits in order to increase profit .

apex~