Question: If the Tribute Patchwork bag is copied and thousands are sold illegally, what do you predict would happen to the price that buyers would be

If the Tribute Patchwork bag is copied and thousands are sold illegally, what do you predict would happen to the price that buyers would be willing to pay for a genuine bag and what would happen to the consumer surplus?

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The marginal utility and the demand for the purse decrease because the counterfeits are substi... View full answer

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