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Oligopoly

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Oligopoly

Discuss the effects on firms of cutting prices in an oligopolistic market

Edexcel A-Level Economics Paper 3 June 2019 Extract In Extract A, lines 15–16, it was suggested that some firms may respond to the advertising ban by cutting the prices of their products. Using game theory and the information provided in Figure 1 and Extract A, discuss the effects on
31 Dec 2025 2 min read
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