Question: ( Article 2 , Analysis ) : If we assume that there are barriers to entry for new firms entering the market for extra large
Article Analysis: If we assume that there are barriers to entry for new firms entering the market for extra large TVs so that existing firms have market power like a monopoly what kind of prediction can we make about the effect of improved technology on profit and consumer surplus? Hint: A situation like this was considered in the Week Worksheet.
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