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4 years ago

New research reveals game-changing strategy for firms in competitive markets

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RePEc: Research Papers in Economics
On the Existence of Unique Equilibria in Location Models
H.M. Webers

Paper Summary

The article explores how firms can find the best locations and prices in a competitive market. By considering consumers' preferences, firms can make better decisions. The researchers show that there is a unique way for firms to reach a balanced outcome, leading to higher profits.

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