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Unformatted text preview: -Perfect Competition 1 seller-Some influence in price-Price is constrained by demand of the product-Monopoly A few sellers in the market-Oligopoly Lots of firms (sellers)-However, non identical goods-Monopolistic competition Econ 1BB3 - Lecture 6 January-18-11 9:34 AM 1BB3 - Lecture 6 Page 1...
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This note was uploaded on 02/02/2011 for the course ECON 1bb3 taught by Professor Holms during the Spring '10 term at McMaster University.
- Spring '10