英语词汇“Edgeworth Price Cycle”的翻译、意思、用法、释义-英汉经管词典

单词	Edgeworth Price Cycle
释义	Edgeworth Price Cycle Definition An asymmetric price variation that results from the changes in price among oligopolists. This applies when the good is homogenous and consumers are price sensitive. When a competitor lowers its price, others will follow suit until the price is done to wholesale cost. The gasoline market demonstrates this theory as the market is comprised of many small competing retailers.
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