With differentiated products, firms can compete over prices in the short run, with product location taken as
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With differentiated products, firms can compete over prices in the short run, with product location taken as fixed, but in the longer run, firms can vary both their market price and the location of their product in product space
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Managerial Economics A Strategic Approach
ISBN: 285451
2nd Edition
Authors: Robert Waschik ,Tim Fisher ,David Prentice
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