Question
1. Consider an oligopolistic market for breakfast cereals. If there are fourbrands currently being sold in this market, how would the entry of two or
1.Consider an oligopolistic market for breakfast cereals. If there are fourbrands currently being sold in this market, how would the entry of two or three more brands of cereal pose an entry barrier in this market? Justify your answer with examples and illustrations. (10 marks)
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Introduction to Operations Research
Authors: Frederick S. Hillier, Gerald J. Lieberman
10th edition
978-0072535105, 72535105, 978-1259162985
