Dynamic Competition: Innovation and Price Reduction Strategies - Lecture 14

Explore dynamic competition in this lecture from MIT's Industrial Organization I course. Delve into a style of competition that relies on innovation to produce new products and processes, accompanied by substantial price reductions. Learn from instructor Glenn Ellison as he covers key concepts and principles of dynamic competition in the first part of this comprehensive examination. Gain valuable insights into industrial organization and market dynamics through this in-depth, 81-minute presentation from MIT OpenCourseWare's Fall 2022 series.