In the early 1970s the six largest manufacturers of


In the early 1970s, the six largest manufacturers of ready-to-eat breakfast cereals shared 95 percent of the market. Over the proceeding 20 years, these manufacturers introduced over 80 new varieties of cereals. How would you evaluate this strategy from the viewpoint of the Hotel ling spatial model?

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Business Economics: In the early 1970s the six largest manufacturers of
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