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Why is game theory often more useful than graphs in analyzing oligopoly?
Cost Leadership
A strategic approach where a company positions itself as the provider of the lowest cost products or services in its industry.
Marketing Strategy
A marketing strategy is a business's overall game plan for reaching prospective consumers and turning them into customers of their products or services.
Profitable Customer Relationships
The ongoing connections a business cultivates with individuals or other businesses that result in a mutually beneficial exchange, ideally leading to repeat business and increased profitability.
Value Map
A visual tool used to compare the value propositions of different products or services in the market, analyzing factors such as price, quality, and performance.
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