Mention two approaches used in studying industrial economics (Industrial Organization), give an explanation of the differences in these approaches? And why did the two approaches finally agree in the analysis to become a New Empirical Industrial Organization?

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Q: Write down the factors affecting demand. Which of the following factors will cause the following pro...

A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...