Consider our discussion on technological change. Assume for the moment that 3D printers become as cost effective as injection molding. In the long run, how does this impact firms, the industry, consumers and society? Part a) Consider the change in minimum effective scale (MES) Part b) How would the industry change Part c) How would benefit, who would be hurt?

Managerial Economics: A Problem Solving Approach
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ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter5: Investment Decisions: Look Ahead And Reason Back
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Consider our discussion on technological change.
Assume for the moment that 3D printers become
as cost effective as injection molding. In the long
run, how does this impact firms, the industry,
consumers and society?
Part a) Consider the change in minimum effective
scale (MES)
Part b) How would the industry change
Part c) How would benefit, who would be hurt?
Transcribed Image Text:Consider our discussion on technological change. Assume for the moment that 3D printers become as cost effective as injection molding. In the long run, how does this impact firms, the industry, consumers and society? Part a) Consider the change in minimum effective scale (MES) Part b) How would the industry change Part c) How would benefit, who would be hurt?
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