Maddox Smith Staff asked 5 years ago

Business Economics

“The recent price wars in the supermarket and mobile phone  industries have been beneficial to both consumers and their  respective industries.” Discuss critically, using all the recent  theoretical models. Make references to important microeconomic models. Some examples are 🙁 Supply, Demand, Market equilibrium,  Price discrimination, Opportunity cost)  “The cost of mobile phones have fallen to such a level which, if  this trend continues ,would make mobile telephony more  affordable to much larger segments of the emerging markets  population”. Discuss critically, using all the recent theoretical  models. Make references to important macroeconomic objectives: Some examples are 🙁 Growth, Inflation, Unemployment, GDP, Exchange rates)