The only way to succeed in a market with homogeneous products is to produce more efficiently than

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“The only way to succeed in a market with homogeneous products is to produce more efficiently than most other firms.” Comment. Does this imply that efficiency is less important in oligopoly and monopoly markets?

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Economics Of Strategy

ISBN: 9781118273630

6th Edition

Authors: David Besanko, David Dranove, Scott Schaefer, Mark Shanley

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