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Describe Any Two Black Swan Events That Occurred in the First

question 59

Essay

Describe any two black swan events that occurred in the first decade of the 21st century.Also mention the impact of these events.


Definitions:

Product Differentiation

Strategies used by companies to make their products appear unique from those of competitors.

Price

The amount of currency estimated, needed, or presented in exchange for an item.

Quality

The degree of excellence of a product or service, often measured against specifications or standards.

MC = P

A condition in economics where marginal cost equals price, often indicating the point of profit maximization for firms.

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