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April 18, 2014

Homework Help: economics

Posted by DM on Friday, May 18, 2012 at 8:17pm.

How can I determine if two goods are in the same market or market segment? I am not sure how to determine if they have the same demand curve. For example I need to determine if a movie rented from Redbox is or is not in the same market as a movie seen at a Movie Theater. I know both items are related because they deal with the same product movies and I know people rent movies to save money on high movie ticket prices but does that make them be in the same market?

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