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Answer to Question #75534 in Accounting for wils

Question #75534
define and explain when the presence of a backstop competitive supplier leaves hotelling industry extraction largely unchanged and when such a bacckstop changes hotelling extraction considerably
Expert's answer
The presence of a backstop competitive supplier leaves hotelling industry extraction largely unchanged or changes hotelling extraction considerably according to such different factors as pricing strategy, importance of its goods or services supplied, number of suppliers in the market etc.

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