Answer:
Since we are not given the equilibrium price or quantity, I drew a graph showing Pe and Qe as them.
If foreign firms start selling in the domestic market at a higher price, then the curve shouldn't modify, but if they start to sell at a lower price, the equilibrium price and quantity will shift to the left.
Pai = price after imports
Qai = quantity after imports
The second graph shows the equilibrium point for an individual firm.
Fascinating Fez is using a cost-focus strategy is False
Explanation:
The business aims to achieve a competitive advantage in its particular market segment through a cost based approach.
In this case, differentiation approach is the technique used by the hat maker. When applying this approach, a organization insists on the supply of differentiated goods, namely exclusive goods of superior quality this differ from rivals.
Cost concentration is on cost savings in specific markets, thus discriminating between different goods that meet the needs of customers in a broad business segment.
<span>Generally, Nvidia would release their new and much better chip to the market in one third the time that the traditional industry did so. Through their research they discovered that customers would be more than willing to buy new and better graphic solutions far more often than they believed</span>
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