Beginning in 2004, the prices of liquid crystal displays (LCDs), which are key components in many electronic
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Beginning in 2004, the prices of liquid crystal displays (LCDs), which are key components in many electronic devices, fell significantly. As LCD prices fell, Thailand-based manufacturers of electronic devices, such as cell phones, hand-held computers, portable DVD players, and laptop computers that all use LCDs, increased production. What do you think happened to the prices of these devices that use LCDs? Why?
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The lower price of an important input such ...View the full answer
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