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The Economic Theory of Product Differentiation

The Economic Theory of Product Differentiation

Paperback

Series: Sur Le Capitalisme Moderne

Business GeneralLabor

ISBN10: 0521335523
ISBN13: 9780521335522
Publisher: Cambridge
Published: Feb 22 1991
Pages: 216
Weight: 0.70
Height: 0.55 Width: 5.99 Depth: 8.93
Language: English
This book presents economic theories that seek to explain the prevalence of differentiated products in market economies. It uses these theories to derive market equilibria and to compare these to social optima for both horizontally and vertically differentiated products. The implications of product differentiation for market structure and power, strategic entry deterrence and international trade are all examined.

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