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Topic: Miscellaneous
Number of pages / Number of words: 3 / 752
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Companies overseas are able to place their products on the net, which in return expands their market, and therefore sell to a larger area this causes force of lower prices and creates a greater incentive for sellers to set apart their products or services.

The article emphasized on how changes in information technology can influence supply conditions in the market with the following example, Encyclopedia Britannica...


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Encyclopedia Britannica at one point was a very expensive set of research books that parents would purchase to help their child's education, however now with the internet available with many "free" online encyclopedias, Britannica has had to market their product other ways. They now have a CD-ROM available, which contains things such as video clips, audio clips, and pictures...


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