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Real monopoly power - PowerPoint PPT Presentation

MONOPOLISTIC COMPETITION, OLIGOPOLY, & GAME THEORY

MONOPOLISTIC COMPETITION, OLIGOPOLY, & GAME THEORY. MONOPOLISTIC COMPETITION. Firms in monopolistically competitive industry share some of the characteristics of perfect competition market structure: Presence of many firms. Availability of complete information Freedom of exit and entry.

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Real monopoly power - PowerPoint PPT Presentation

MONOPOLISTIC COMPETITION, OLIGOPOLY, &amp; GAME THEORY

MONOPOLISTIC COMPETITION, OLIGOPOLY, & GAME THEORY