Efforts of oligopolistic firms to impact the demand for their product (other than price) are called non-price determinants of demand. Detail five (5) non-price determinants of demand, and with reference to the price elasticity of demand, explain those non-price determinants

Efforts of oligopolistic firms to impact the demand for their product (other than price) are called non-price determinants of demand. Detail five (5) non-price determinants of demand, and with reference to the price elasticity of demand, explain those non-price determinants

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Oligopoly

Section: Chapter Questions

Problem 1CQQ

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Question

Efforts of oligopolistic firms to impact the demand for their product (other than price) are called non-price determinants of demand. Detail five (5) non-price determinants of demand, and with reference to the price elasticity of demand, explain those non-price determinants.

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