July 2014
Beginner
384 pages
8h 39m
English
CHAPTER13
Oligopolies
In This Chapter
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On the spectrum of market structures, perfect competition, with many producers taking the market price as given, would be on one end, and the monopoly, with one firm dominating supply and making its own price, would be on the other end. Between these two extremes lie two prevalent market structures: oligopoly and monopolistic competition. This chapter describes the oligopoly.