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the models that relax assumptions about the nature of demand, competition and trade costs. However, a model that links …
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allowing for any combination of equilibrium number of firms and demand elasticity. Whether the CIA constraint binds or not …
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Consider a differentiated product market in which all consumers are fully informed about match value and price at the time they make their purchasing decision. Initially, consumers become informed about the prices of all products in the market but do not know the match values. Some consumers...
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