11 Oligopoly and Monopolistic Competition
Anyone can win unless there happens to be a second entry.
Explain how firms in a cartel raise their profits by coordinating their actions.
Illustrate how firms independently choose their output levels to determine the Nash-Cournot equilibrium.
Show how firms independently choose their prices to determine the Nash-Bertrand equilibrium.
Explain how two conditions determine the monopolistic competition equilibrium.
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