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Topic: Business
Number of pages / Number of words: 2 / 422
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L. (2005). Economics: Principles, problems, and policies. New York: McGraw Hill/Irwin.


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PRICE CHANGE DUE TO SUBSTITUTE PRODUCTS

Substitute products are items that are comparable to a product offering. The industry currently offers a 500-page book on CD, which sells for $20 in the market. Will Bury must stay current on marketing research and stay current on other potential competitors who may offer substitute products...


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