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Paper # 5

Kc Porter

Economics

1/1/2012
LGs Flashy 55-Inch OLED Challenged By Dropping TV Prices

The future best television give birth is coming but at a hefty price. The OLED TV is going to make up roughly $8000 so not many a(prenominal) are going to be sold because both separate TV is getting fairly cheap.
The three economic hurt that relate to this article are market competition, factors of production, and opportunity salute.
commercialise competition is huge in this article because while the delivery is slow, people will not be buying the around expensive TV, they will usually buy the cheapest TV. thither is so many good cheap TVs that nobody wants to overhaul thousands more(prenominal) for slightly better color and picture. This will cause it to be just a luxury item and not an every household type 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 the price of this TV cut to the market average so they have to keep it extravagantly until they think of a new way to make it.



eventually we have the opportunity cost of purchasing this item, opportunity cost is the highest valued alternative given up in fashioning a purchase. For an $8000 dollar item there are hemorrhoid of items you can purchase from cars to down payments on apartments.
In this sparing not many people are willing to spend thousands for better colored entertainment. So in my opinion I think this TV came out at the wrong 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 worlds 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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