April 12 _ 14 - Concepts of differentiation The Circle The...

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x p Econ 100A – Microeconomics Professor Sarah Reynolds Department of Economics University of California, Berkeley Textbook by Thomas Nechyba Monopolistic Competition Chapter 26 – April 12 th , 2011 Slightly differentiated products resulted in some market power, yet sufficiently similar that there are no profits. Profit Maximization: Can you determine how much the Total Fixed Cost must be for there to be 0 profits?
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x x p p x p From Monopoly to Monopolistic Competition Patents & Intellectual Property rights: impetus for innovation
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Unformatted text preview: Concepts of differentiation The Circle The Line (Hotelling) Product differentiation in absence of price competition Best Response Functions: Median Voter Principle p 2 p 1 Price Competition Under Extreme Product Differentiation Econ 100A Microeconomics Professor Sarah Reynolds Department of Economics University of California, Berkeley Textbook by Thomas Nechyba Principal Agent & Moral Hazard Supplement 2 April 14 st , 2011 Another day with lots of math bring more paper!...
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This note was uploaded on 09/11/2011 for the course ECON 100A taught by Professor Woroch during the Spring '08 term at University of California, Berkeley.

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April 12 _ 14 - Concepts of differentiation The Circle The...

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