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Unformatted text preview: Non-competitive Monopolies Few sellersairlines Brand names, goods are not perfect substitutes ex. Books, Cds, ect. Demand & Quantity demanded Quantity demanded amount able & willing to purchase for a specific period of time (usually depends on price) Law of Demand- holding all else constant, when price goes up, quantity demanded falls...
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This note was uploaded on 04/20/2008 for the course ECON 304K taught by Professor Ledyard during the Spring '08 term at University of Texas at Austin.
- Spring '08