1. How does a firm's market change when they "go local?"

2. Draw two sets of supply and demand graphs.

Label the first set "Oliver's" and indicate the equilibrium as P* and Q*.

On the second set, label the graph as "Local Market" and then show what happens to the Local Market when Oliver's "goes local" by spending more money in the community. HINT: At least one of your curves should slide outward

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How a Firms Market Changes When They Go Local When a firm decides to go local several key changes occur in its market Customer Base The firms focus mi... View the full answer