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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Question Posted: Oct 08, 2024 06:04 AM

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With differentiated products, firms can compete over prices in the short run, with product location taken as

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Managerial Economics A Strategic Approach

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