Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10008690891
If a monopolist is selling a commodity to consumers who could, if they chose, produce a close substitute, but only after incurring heavy capital investment (we have oil in mind), then the monopolist's optimal limit pricing strategy may involve randomizing prices even though stable prices would...
Persistent link: https://www.econbiz.de/10005551152