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Paper # 5 Kc Porter Economics 1/1/2012 LGs Flashy 55-Inch OLED Challenged By Dropping TV Prices The upcoming best television give birth is coming exclusively at a hefty price. The OLED TV is going to gather up roughly $8000 so not some(prenominal) a(prenominal) argon going to be sold because both separate TV is getting fairly cheap. The three economic hurt that meet to this article are grocery store emulation, factors of production, and opportunity salute. commercialise competition is huge in this article because while the delivery is slow, slew entrust not be buying the around high-ticket(prenominal) TV, they will usually buy the cheapest TV. thither is so m whatever good cheap TVs that nobody requires to overhaul thousands more(prenominal) for slightly meliorate color and picture. This will cause it to be just a luxury level and not an every household subject item. The factors of production in this is what is causing this peculiar(a) item to be so expensive. They will not study any money if they leave off the price of this TV cut to the market average so they have to keep it extravagantly until they think of a natural way to make it.

eventually we have the opportunity live of purchasing this item, opportunity cost is the highest valued alternative prone up in fashioning a purchase. For an $8000 dollar item there are hemorrhoid of items you can purchase from cars to grim payments on apartments. In this sparing not many plurality are willing to spend thousands for better colored entertainment. So in my opinion I think this TV came stunned at the wrong date if they wanted to make an! y money at all. There really is no market for a TV that cost as much as a car. Only the nip 1% of the knowledge domains richest people will be able to collapse this so for the rest of the world we are still stuck in the plasma, LCD/LED days.If you want to get a full moon essay, order it on our website: BestEssayCheap.com

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