If a firm is facing an exogenously given price, P0, and industry conditions change such that the new market price is P1 > P0, which of the following is true?

Question 12Why is the following Intent considered as an “implicit” intent? 123Intent smsIntent = new Intent(Intent.ACTION_SENDTO);smsIntent.setData(Uri.parse(“smsto:5556”));smsIntent.putExtra(“sms_body”, “hello”);1 point Because it does not specify the name of a particular target component;…