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Microeconomics II
book

Microeconomics II

by D.N. Dwivedi
August 2011
Intermediate to advanced content levelIntermediate to advanced
368 pages
14h 51m
English
Pearson India
Content preview from Microeconomics II
Price and Output Determine Oligopoly 111
his theory of monopolistic competition under the condition of a large number of monopolistic sellers.
But his critics found that his theory was not logically sound and empirically veriable. en economists’
attention was drawn towards oligopoly and a number of complex theories were developed over time to
analyse price and output determination in an oligopolistic market. is, however, added more compli-
cations and confusions to the subject rather than oering a non-controversial theory. In this chapter,
however, we limit our discussion to theories considered to have made signicant contribution to
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Publisher Resources

ISBN: 9788131797655