2. Describe, in detail, each company’s product line in terms of: *Product description and usage *Factors that determine the demand for the products *Factors that determine the supply of the products *Available substitutes for the product *Available complements for the product *Is demand for the product elastic or inelastic in the short run? In the long run? *Is the firm’s production capital-intensive or labor-intensive? How important is technology in the producing the product? Why?
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