Ashford Eco100 week 2 discussions

Question # 00044988 Posted By: neil2103 Updated on: 01/29/2015 11:49 PM Due on: 01/31/2015
Subject Economics Topic General Economics Tutorials:
Question
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Read the article, "How Much Did You Pay for That Lip stick?". Based on the content presented in the article, describe the challenges that a firm will find to estimate the demand for a product. Why do you think firms are so willing to spend money on information on customer data?

Q2

Why is private property, and the protection of property rights, so crucial to the success of the market system?

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