The only way to succeed in a market with homogeneous products is to produce more efficiently than

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"The only way to succeed in a market with homogeneous products is to produce more efficiently than most firms." Comment. Does this imply that efficiency is less important in oligopoly and monopoly markets?
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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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