Duopoly Pricing Strategy Leads to Market Segmentation and Effective Competition
The article explores how to regulate prices in industries where two companies dominate the market. It looks at how these companies set prices to maximize profits and benefit consumers. By analyzing the pricing strategies of these companies, the researchers found that regulating prices in a specific way can help create a more competitive market in the long run. This approach involves implementing price regulations that take into account the unique characteristics of each company, ultimately leading to a more effective and fair market for consumers.