Is Whirlpool operating in a monopolistically competitive or an oligopolistic industry? In the video, they mention that Whirlpool provides three different types of appliances that vary in the amount of features that are offered. Discuss the product differentiation across these types.
Discuss how Whirlpool avoids diseconomies of scale. Why might the hourly employees on the manufacturing side come up with cost-saving ideas better than upper management who do not work on the manufacturing line?
Discuss how inflation affected the price of a washing machine compared to autos and homes.
This question was asked on Jan 21, 2013 and answered on Jan 23, 2013.
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