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Eco-Competition in the Car Industry

Econ Smithsonian Project
by

Pearl Zhang

on 28 April 2013

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Transcript of Eco-Competition in the Car Industry

The Big Three Consumption Production Distribution Research
Design
Sales The Product Economies Competition in
the Car Industry Profit = Total Revenue - Total Cost Company Objective Cost that changes depending on how much you produce Variable Cost Resources Income received
from sale of
goods/ service Fixed Cost cost that stays the same no matter how much you produce Product Cycle BIG avoidable unavoidable L ower cost
arger scale Think of Scale Assembly
Line Specialization Ford's Assembly Line Production & Specialization Oligopoly Few sellers dominate a particular industry what you
put in for
production By: Pearl Zhang Small
Businesses Big
Three Game of
Oligopoly
Full transcript