George Hendrikse
Abstract
Abstract A centralized structure will set higher prices and locate products closer together than a decentralized one. A decentralized organizational structure is chosen because the entry‐deterring effect of such a structure outweighs the monopoly effects of a centralized one for sufficiently low entry fee levels.
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Abstract A centralized structure will set higher prices and locate products closer together than a decentralized one. A decentralized organizational structure is chosen because the entry‐deterring effect of such a structure outweighs the monopoly effects of a centralized one for sufficiently low entry fee levels.
Key concepts: Organizational structure, Monopoly, Industrial organization, Product differentiation, Microeconomics, Business, Product (mathematics), Set (abstract data type)