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Here are the best resources to pass ECONOMICS : MICRO ECONOMICS THEORY III. Find ECONOMICS : MICRO ECONOMICS THEORY III study guides, notes, assignments, and much more.
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MARKETS STRUCTURES II : MICRO-ECONOMICS THEORY III
Class notes • 11
pages
• 2021
An oligopoly is characterized by a market with a few firms that recognize the strategic
interdependence. There are several possible ways for oligopolies to behave depending on the
exact nature of their interaction. In a quantity leader model, one firm leads by setting its
output and the other firm follows. The leader has to take into account the reaction of the
follower
MARKETS STRUCTURES II : MICRO-ECONOMICS THEORY III
Last document update:
ago
An oligopoly is characterized by a market with a few firms that recognize the strategic
interdependence. There are several possible ways for oligopolies to behave depending on the
exact nature of their interaction. In a quantity leader model, one firm leads by setting its
output and the other firm follows. The leader has to take into account the reaction of the
follower
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