We have said that under product differentiation we would expect the quantity of Coke that is demanded
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We have said that under product differentiation we would expect the quantity of Coke that is demanded to be affected by both the price of Coke and the price of Pepsi. Can you see how the models of product differentiation result in firms facing precisely this kind of demand when they locate at different points in the product characteristics interval (or circle)?
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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