Explain the implication of non-price competition in an oligopoly market.
Explain the implication of non-price competition in an oligopoly market.
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Non-Price Competition in Oligopoly-Under oligopoly firms tend to avoid price competition. Example: In India both Coke and Pepsi drinks sell at the same price. However, in order to enhance its share of market, each firm tries to resort to price competition. Coke and Pepsi sponsor different games and sports, they also offer incentive schemes.
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