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examples of this market
petrol retail
airlines
assumptions of this market
similar but differentiated products
significant barriers to entry
non-price competition
interdependent decision making
non price competition methods, 4
better service
longer opening hours
discounts or upgrades
better relations with retailers
what diagram
kinked demand curve
what is the difference between tacit and overt collusion
overt collusion is open illeagal. cartels
tacit collusion is where a firm will observe another firms behaviour. non formal agreement.
