The "$99 iPads" The Economy Tomorrow analysis indicates that the success of the iPad
A)Attracted new firms with identical products.
B)Created new entrants into the tablet market.
C)Caused exit of firms from the tablet market.
D)Caused the quality of products to fall.

Question

Quizplus · Accepted Answer

The phrase "$99 iPads" implies a decrease in price, which could attract new entrants into the tablet market. This would increase competition and potentially drive down prices even further. It is unlikely that the success of the iPad would cause firms to exit the market, as it has remained a dominant player in the tablet market. Additionally, there is no evidence to suggest that the quality of products has fallen as a result of the iPad's success.

The "$99 IPads" the Economy Tomorrow Analysis Indicates That the Success