Competition Can Harm Consumers.

Duopolists selling differentiated products can generate less consumer surplus than a monopoly selling one of the products. In a Hotelling-type model where a monopoly supplies more than half of potential consumers, but not all, entry by a rival leads to a duopoly price that is higher than the monopol...

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Váldodahkkit: Cowan, S, Yin, X
Materiálatiipa: Journal article
Giella:English
Almmustuhtton: Blackwell Publishing Asia 2008