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Author Question: Collusion is common in oligopoly and monopolistically competitive industries. Indicate whether ... (Read 54 times)

crazycityslicker

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on: Jun 29, 2018
Collusion is common in oligopoly and monopolistically competitive industries.
 
  Indicate whether the statement is true or false

Question 2

Juicy Couture has been successful in selling women's clothing using an unusual strategy.
 
  According to an article in the Wall Street Journal, the key to the firm's strategy is to limit distribution to maintain the brand's exclusive cachet, even if that means sacrificing sales, a brand-management technique once used only for high-end luxury brands. In 2006, Juicy clothes were sold in only four department stores: Neiman Marcus, Saks, Bloomingdale's, and Nordstrom. In 2006, its sales have more than quadrupled since 2002.
  Source: Rachel Dodes, From Track Suits to Fast Track, Wall Street Journal, September 13, 2006.
 
  How does limiting the number of stores in which Juicy's products are sold contribute to its success?
  A) It enables Juicy to price its products at a premium and differentiate them from lower-priced products.
  B) It helps establish Juicy's products as luxury items favored by the very wealthy.
  C) By sacrificing sales, the company was able to focus on producing high-quality products.
  D) Maintaining the exclusivity of a product increases the demand for the product.
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lkoler

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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crazycityslicker

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Bigfoot1984

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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