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Paper # 5 Kc Porter Economics 1/1/2012 LGs Flashy 55-Inch OLED Challenged By Dropping TV Prices The early best television give birth is coming scarce at a hefty price. The OLED TV is going to crystallize up roughly $8000 so not legion(predicate) a(prenominal) argon going to be sold because both separate TV is getting fairly cheap. The three economic hurt that bear upon to this article are market challenger, factors of production, and opportunity salute. commercialise competition is huge in this article because while the delivery is slow, spate will not be buying the around dearly-won TV, they will usually buy the cheapest TV. thither is so m all good cheap TVs that nobody involves to overhaul thousands more(prenominal) for slightly let pop out color and picture. This will cause it to be just a luxury feature and not an every household casing item. The factors of production in this is what is causing this peculiar(a) item to be so expensive. They will not study any money if they drop curtain the price of this TV cut to the market average so they have to keep it extravagantly until they think of a in the buff way to make it.

eventually we have the opportunity apostrophize of purchasing this item, opportunity cost is the highest valued alternative presumptuousness up in fashioning a purchase. For an $8000 dollar item there are hemorrhoid of items you can purchase from cars to deplete payments on apartments. In this sparing not many hatful are willing to spend thousands for better colored entertainment. So in my opinion I think this TV came out at the w rong date if they wanted to make any money ! at all. There really is no market for a TV that cost as much as a car. Only the nip 1% of the solid grounds richest people will be able to collapse this so for the rest of the world we are still stuck in the plasma, LCD/LED days.If you want to get a full moon essay, order it on our website: OrderCustomPaper.com

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