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For less than $300, you can get a high-quality colour laser printer with four toner cartridges already fitted and roughly half-full. Replacing all four toner cartridges, on the other hand, might cost upwards of $400. Companies charge more for the replacement toner than the printer itself, therefore explain this in economic terms.

For less than $300, you can get a high-quality colour laser printer with four toner cartridges already fitted and roughly half-full. Replacing all four toner cartridges, on the other hand, might cost upwards of $400. Companies charge more for the replacement toner than the printer itself, therefore explain this in economic terms.

Economics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter23: Price-searcher Markets With Low Entry Barriers
Section: Chapter Questions
Problem 7CQ
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For less than $300, you can get a high-quality colour laser printer with four toner cartridges already fitted and roughly half-full. Replacing all four toner cartridges, on the other hand, might cost upwards of $400. Companies charge more for the replacement toner than the printer itself, therefore explain this in economic terms.
Transcribed Image Text:For less than $300, you can get a high-quality colour laser printer with four toner cartridges already fitted and roughly half-full. Replacing all four toner cartridges, on the other hand, might cost upwards of $400. Companies charge more for the replacement toner than the printer itself, therefore explain this in economic terms.
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