Effects Of Pricing And Market Structure On The Vegetable Market: An Economic Analysis

April 13, 2024/in management /by bonniejecinta

Effects of Pricing in the MarketDuopoly is the market structure that Coles and Woolworths operate which is an oligopoly with only two firms. According to kinked-demand curve theory, the market demand curve that a firm faces is determined by the price decisions of other firms in oligopoly market. Games theory states that decisions made by one firm are influenced and at the same time influence decisions of other firms in the market (Jones, 2005,…

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