explain why oligopolies make products that are both standardized and differentiated
explain why oligopolies make products that are both standardized and differentiated
Having completed reading the Learning Activity titled “Characteristics of an Oligopoly,” explain why oligopolies make products that are both standardized and differentiated. Next, explain the impact of the “employee discount pricing” example mentioned in the text. Give an example of another company that uses or has used a similar strategy to remain competitive in the market. Use the terminology from the text to support your reflection.
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Subject: Micro Economics
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