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November 22, 2014

Homework Help: Microeconomics

Posted by Ms. Jones on Friday, September 23, 2011 at 1:14pm.

Discussion Question 2
Thirty years ago, the market for chicken was perfectly competitive until Frank Perdue began marketing chicken under his name. How do you suppose Perdue created a brand name for chicken? What did he gain from doing so?



What did society gain from having brand name chicken? What did society lose?

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