What is the role played by the competitive fringe in the dominant firm model of oligopoly? Why

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What is the role played by the competitive fringe in the dominant firm model of oligopoly? Why does an increase in the size of the fringe result in a reduction in the dominant firm's profit-maximizing price?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 05:03 AM

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What is the role played by the competitive fringe in the dominant firm model of oligopoly? Why

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In a dominant firm market one dominant firm splits the market w...View the full answer

Microeconomics

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