If a business sells a product that wears out in a month, you will have to buy

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“If a business sells a product that wears out in a month, you will have to buy 12 a year, and the business will make 12 times as much money as it would selling a product that lasts a year.” Evaluate this statement. Why don’t businesses sell products that wear out in a day? In an hour?

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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