1.1. how would you expect the possibility of differentiating your product to change competition between oligopolists? In the 1920s, in contrast to the current period, many cities in the United States had multiple newspapers. In an era well before television, and in the early infancy of radio, most people got their news, including their political news, from newspapers. Perhaps, not surprisingly, most newspapers at the time were identified explicitly as having either a Republican or a Democratic bent. It should not surprise you to learn that economists studying this period have identified economic forces governing the political affiliation of these newspapers