is the difference between the minimum price producers are willing to accept for a product and the higher equilibrium price. is the difference between the maximum price consumers are willing to pay for a product and the minimum price producers are willing to accept. is the difference between the maximum price consumers are willing to pay for a product and the lower equilibrium price. rises as equilibrium price rises.

After jeff bezos read about how the internet was growing by 2,000 percent a month, he set out to use the internet as a new distribution channel and founded amazon, which is now the world's largest online retailer. this is clearly an example of a(n)a. firm that uses closed innovation. b. entrepreneur who commercialized invention into an innovation. c. business that entered the industry during its maturity stage. d. exception to the long tail business model