The images below show the first six items you see when you search ‘laptops’ in Google Shopping.  Discuss whether an individual laptop manufacturer is a price-taking or a price-setting firm.  Draw a diagram that illustrates the profit-maximising decision of an individual laptop manufacturer you discussed in the previous question. Fully label your diagram. You may make up numbers of simply use appropriate notations for the purpose of labelling your diagram. Briefly explain the key information of your diagram.

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Q: None

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