MARKET STRUCTURE : MICRO-ECONOMICS THEORY III
OLIGOPOLY We have so far investigated two important forms of market structures: pure competition, where there are typically many small competitors and pure monopoly, where there is only one large firm in the market. However, much of the world lies between these two extremes. Often there are a number of competitors in the market, but not too many as to regard each of them as having a negligible effect on price. This is the situation known as oligopoly.
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- 17 augustus 2021
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market structure
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the perfect markets
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monopoly market
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oligopoly
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economics micro economics theory iii