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Chapter 13 outlines several potential market structures, one of which is a competitive market environment. High prices and high profits in a competitive environment generally
Chapter 13 outlines several potential market structures, one of which is a competitive market environment. High prices and high profits in a competitive environment generally lead to new suppliers entering the market, prices sliding down the market demand curve, the market supply curve shifting to the right, and significant product and technological innovation. After watching the video, describe which of these effects might be exhibited by Apple's launch of the ipad
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