Today's Focus:
- Cover the aspect of Competition between markets to attract customers/consumers
Tasks:
- Covered Quiz #4
- Covered definitions: Pricing Power, Customers, Consumers Purchasing Power, Competition
- Role-play as a supplier attempting to sell the same pencil and
discover the feel of two markets competing against one another
Quiz #3 + Definitions + Slides
Homework:
1.Read pages 15-22
2.Review Questions Page 22 #10-14
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