We have talked a lot in the course about the auto industry. Let's look the experience of buying and owning a car. You can focus on the initial purchase, the challenges of to servicing/repairing a car and/or the eventual sale. Please consider discuss the ways auto dealers and garages use price discrimination and/or take advantage of information asymmetries or other features of their industries to maximize their profits. (400 words or less) Hint even if you don't own a car: You can go to any website and price out the car using a manufactured suggested retailers selling price (MSRP) and see the pricing of different models, packages and accessories. Though most people pay below MSRP, this should give you an idea of one part of the market even if you have never owned a car.

We have talked a lot in the course about the auto industry. Let's look the experience of buying and owning a car. You can focus on the initial purchase, the challenges of to servicing/repairing a car and/or the eventual sale. Please consider discuss the ways auto dealers and garages use price discrimination and/or take advantage of information asymmetries or other features of their industries to maximize their profits. (400 words or less) Hint even if you don't own a car: You can go to any website and price out the car using a manufactured suggested retailers selling price (MSRP) and see the pricing of different models, packages and accessories. Though most people pay below MSRP, this should give you an idea of one part of the market even if you have never owned a car.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter9: Monopoly

Section: Chapter Questions

Problem 12RQ: How is intellectual property different from other property?

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How is intellectual property different from other property?
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