Question
What, exactly, is a 'substitute' product? Please give an example of two products (or services) that are substitutes of one another.If we sold a product,
What, exactly, is a 'substitute' product? Please give an example of two products (or services) that are substitutes of one another.If we sold a product, how could firms that sell substitute products "hurt" us, in theory?
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Capital In The Twenty-First Century
Authors: Thomas Piketty, Arthur Goldhammer
1st Edition
067443000X, 9780674430006
