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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| Natura: | Journal article |
| Lingua: | English |
| Pubblicazione: |
Blackwell Publishing Asia
2008
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