Why are the concepts of own and cross-price elasticity's of demand essential to competitor identification and market

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Why are the concepts of own and cross-price elasticity's of demand essential to competitor identification and market definition?

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Economics of Strategy

ISBN: 978-1118319185

6th edition

Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer

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Question Posted: Sep 13, 2017 12:52 AM

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Why are the concepts of own and cross-price elasticity's of demand essential to competitor identification and market

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The magnitude of consumer responses to changes in a product markets or industrys price is measured ...View the full answer

Economics of Strategy

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