Topic_10_Market_Models__Class_Notes

Topic_10_Market_Models__Class_Notes - Market Model Notes...

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Market Model Notes Class Notes Market Models Monopolistic Competition: Key Assumptions HA 141 Dr. Bill Carroll 1 Price Short Run Quantity (Q) Price Long Run Quantity (Q)
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Characteristics of Firms in Monopolistic Competition Oligopoly Key Assumptions Interdependence – Cartel - Key Assumptions HA 141 Dr. Bill Carroll 2 Price Quantity (Q)
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- Problems with Cartels - Incentive to Cheat Interdependence – Kinked Demand Curve - Key Assumptions HA 141 Dr. Bill Carroll 3 quantity (q) Price Price Quantity (Q) Market Firm
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Interdependence – Price Leader-Follower - Key Assumptions - Key Characteristics HA 141 Dr. Bill Carroll 4 Price Quantity (Q) Price Quantity (Q) Quantity (Q) Price Market Dominant Firm
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- Car Rental Example Comparison with Competition Contestable Markets
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Topic_10_Market_Models__Class_Notes - Market Model Notes...

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