Unformatted text preview: market type has a different impact on the price and quantity sold by the firm. All these market types will be analyzed in the present and following chapters. Besides the difference in the number of firms under competition and monopoly there are also qualitative distinctions. I n modern markets the popular practice of Product Differentiation exists. All this will be studied under different forms of the market....
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- Fall '10
- Economics, smallest unit, qualitative distinctions, oligopolistic conditions