Answer the following questions in your text and submit the answers and any supporting spreadsheets to the Week Five Dropbox.
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- Application Question 2, page 255
- Application Question 3 , page 287
Application Question 2, page 255
· Discuss how the oligopoly models presented in this chapter apply to the behavior of Home Depot and Lowe’s.
Application Question 3 , page 287
· Discuss how price elasticity of demand influences the pricing strategies of Linear Technology Corp. What market model best describes this industry? Explain