Which three concepts from Chapter 2 and Chapter 3 of the textbook P...

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Which three concepts from Chapter 2 and Chapter 3 of the textbook Principles of Economics you think would be most valuable for Amazon to understand and to then apply in its business practices? Maximum 500 words, minimum 250 words.

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The positive conclusions whenever critical analyses of Amazon.com’s performance are employed seem to be endless. As of February last year, Cannivet (2018) reported that once more, Jeff Bezos and his team have sustained the company’s winning streak: better earnings, higher stock prices, and more billions, if not millions, of dollars added to the CEO’s net worth. Undeniably, Amazon.com is one of the world’s most successful companies today. Thus, there is a need for the company to keep on being on its feet for such success to be sustained. In this short article, select important Economics concepts will be...

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