Refer to Table 16-3. If Julie charges 10 per hour, what is the value of the consumer surplus received by Dawn?
A) 2 B) 10 C) 12 D) 22
Question 2
As word processing on personal computers expanded, sales of typewriters began to disappear. Which of Porter's competitive forces does this event demonstrate?
A) bargaining power of buyers B) bargaining power of suppliers
C) competition from substitute goods or services D) the threat of competition from new entrants