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November 28, 2014

Homework Help: Economics

Posted by Sam on Monday, August 13, 2012 at 11:35pm.

Market analysts often use cross-price elasticities to determine a measure of the “competitiveness” of a particular good in a market. How might cross-price elasticities be used in this manner? What would you expect the cross-price elasticity coefficient to be if the market for a good was highly competitive? Why?

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