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Question: consider the markets for dr dre beats headphones and samsung...

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Consider the markets for Dr. Dre Beats headphones and Samsung phones. Assume the introduction by Samsung of a new style headphone that requires nothing in your ears but allows you to discreetly hear music as well as incoming texts and calls. These new headphones cannot be used with Apple devices. Using appropriate diagrams, explain the effects of this new headphone on the markets for Dr Dre Beats and Samsung phones explicitly stating what happens to demand, supply, equilibrium price and equilibrium quantity exchanged in each market, and why.

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