Explore randomized pricing
Question:
Explore randomized pricing and provide an example of how it is used. What are some constraints that may limit the ability of firms to use these techniques?
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In addition, some of the occupations that are predicted to be the least susceptible to job automation are discussed.
How about diversification/conglomerate strategy? Any advantage to diversifying your business?
This solution briefly explains the concept of job automation, including a review of a leading 2013 study by Frey & Osborne
Explore how firms in monopolistic competition differentiate their products or services to generate a market niche and gain more control over their pricing.
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What did you find most meaningful, and why? How has this changed your view of growing older, and of the elderly people in your life?
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