2006•Unpublished venueRequires access
The Influence of Product Differentiation on the Market Structure——Based on the Evolutionary Economics
Jiangang Gao
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Abstract
This paper focuses on the effects of product differentiation on the market structure,with duopoly as an example,as follows:(1) a monopoly is the likely outcome of competition in homogeneous products,(2) although product differentiation does not preclude a monopoly,it greatly enhances the chances for the stable coexistence of firms in the long run,and(3) the more differentiated the products,the more stable the duopoly.