Economics Notes 11.2.07

Economics Notes 11.2.07 - 3 Entry/Exit are easy 4 Firms...

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Characteristics of an Oligopoly 1. Few sellers a. Duopoly = 2 firms 2. Products of the firms can be identical or similar
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Unformatted text preview: 3. Entry/Exit are easy 4. Firms tend to compete despite the large benefits to cooperating...
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This note was uploaded on 01/26/2010 for the course ECON 101 taught by Professor Balon during the Spring '09 term at Linn Tech.

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