Zen Nxt, an innovative tablet and smartphone manufacturer, launches a new line of smartphones with advanced processors, high definition displays, and other added features. The company is willing to sell the smartphones at $150 each, and the consumers are also willing to buy these smartphones at that price. In this scenario, $150 is the _____ of the new smartphones made by Zen Nxt.a) competitive priceb) Incorrectc) maximum retail priced) equilibrium pricee) bundled pricef) discount price
