How is non-price competition used in an oligopoly?

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asked Jan 13, 2022 21.2k views

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Byron Gavras · Answer 1 · 2022-01-14T02:29:11+0000

Answer:

oligopoly firms are interested not in price wars but in non-price competition to boost sales. This is because of the fact that a cut in price, in all probabilities, will increase total revenue.

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Killrazor · Answer 2 · 2022-01-17T08:38:02+0000

Answer:

Baumol treats explicitly the advertising form of non-price competition. Thus, oligopoly firms are interested not in price wars but in non-price competition to boost sales. ... This is because of the fact that a cut in price, in all probabilities, will increase total revenue.

How is non-price competition used in an oligopoly?

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