Why do you think in certain instances one firm can provide lower prices than two or more firms?© BrainMass Inc. brainmass.com October 10, 2019, 2:21 am ad1c9bdddf
It is possible for one firm to provide better prices than other two or firms because of the following:
1. The firm might have obtained patent or copy right for a certain product and other firms have license for this and are paying a license fee. Firm, which is not paying license fee, can definitely offer better prices.
2. A firm ...
Solution discusses how one firm can provide lower prices than two or more firms in certain instances.