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Economics

Referencing Styles : Harvard | Pages : 20
(a) Explain why it could be to the economic advantage of a fast-food restaurant chain to give away a free toy with every child’s meal sold. (1 mark) (b) Why do firms charge different prices to different consumers for an identical product? (1 mark) (c) Consider how Telstra and Optus use advertising to attract customers. Each company can try through advertising, to convince some of the other firm’s customers to switch to its services. The success of such a strategy depends on wha ...

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