b.How do you think the technology that you use, affects the market structure and/or the demand of your product? Note that this question is NOT a
b.How do you think the technology that you use, affects the market structure and/or the demand of your product? Note that this question is NOT a
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter10: Financing And Producing Goods
Section: Chapter Questions
Problem 17AA
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Question
Imagine that you own your business. It does not need to be the same as in other questions, you
are allowed to pick a different firm or product.
a.Think about your production process. Please explain the technology that you
use in the production process.
b.How do you think the technology that you use, affects the market structure
and/or the demand of your product? Note that this question is NOT about how
technology affects your production process, therefore, NOT about productivity, NOT
about the cost structure.
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