It is a typical Christmas electronics shopping season,

It is a typical Christmas electronics shopping season,and makers of flat-panel TVs are marketing the latestavailable models through their own Web sites aswell as via retailers such as Best Buy and Walmart. Each manufacturer offers its own unique versions offlat-panel TVs in differing arrays of shapes and sizes. As usual, each is hoping to maintain a stream ofeconomic profits earned since it first introducedthese most recent models late last year or perhapsjust a few months before Christmas. Nevertheless, assales figures arrive at the headquarters of companiessuch as Dell, Samsung, Sharp, and Sony, it is clearthat most of the companies will end up earning onlya normal rate of return this year. (See page 560. )a. How can makers of flat-panel TVs earn economicprofits during the first few months afterthe introduction of new models?b. What economic forces result in the dissipationof economic profits earned by manufacturers offlat-panel TVs?

It is a typical Christmas electronics shopping season,

It is a typical Christmas electronics shopping season,
and makers of flat-panel TVs are marketing the latest
available models through their own Web sites as
well as via retailers such as Best Buy and Walmart.
Each manufacturer offers its own unique versions of
flat-panel TVs in differing arrays of shapes and sizes.
As usual, each is hoping to maintain a stream of
economic profits earned since it first introduced
these most recent models late last year or perhaps
just a few months before Christmas. Nevertheless, as
sales figures arrive at the headquarters of companies
such as Dell, Samsung, Sharp, and Sony, it is clear
that most of the companies will end up earning only
a normal rate of return this year. (See page 560.)
a. How can makers of flat-panel TVs earn economic
profits during the first few months after
the introduction of new models?
b. What economic forces result in the dissipation
of economic profits earned by manufacturers of
flat-panel TVs?