a

Economics Feb 21, 2022

a. Imagine that you own your business. You are producing a product (it could be a service). Think about your production process. Please explain the technology that you use in the production process.

b. How do you think the technology that you use, affects the market structure and/or the demand of your product? Note that this question is NOT about how technology affects your production process, therefore, NOT about productivity, NOT about the cost structure.