Why does differentiating its product allow an oligopoly to charge a higher price?

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Managerial Economics and Strategy

ISBN: 978-0321566447

1st edition

Authors: Jeffrey M. Perloff, James A. Brander

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Question Posted: Nov 13, 2014 03:37 AM

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Why does differentiating its product allow an oligopoly to charge a higher price?

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By differentiating its product a firm makes the residual demand curve it faces less elas...View the full answer

Managerial Economics and Strategy

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