There are only three big tobacco companies, but they produce dozens of brands of cigarettes. Compare and

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There are only three big tobacco companies, but they produce dozens of brands of cigarettes. Compare and contrast Bertrand competition with undifferentiated and differentiated products to explain why the big three tobacco companies devote so many resources supporting so many different brands instead of producing just a single type of generic cigarette each. Do you think supporting all of these different brands is good for society, or bad?
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Microeconomics

ISBN: 978-1464187025

2nd edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

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