Symmetry effects - i) the products are not homogenous but...

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Symmetry effects Positive: It is a competition because of the presence of i) a large number of firms and, ii) freedom of entry It is a monopoly because each firm has some control over market conditions . Negative: It is not a pure competition because
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Unformatted text preview: i) the products are not homogenous but differentiated and, ii) the Price is not uniform. It is not a monopoly because the producer is not a single individual. There is no restriction on entry, and the goods are close substitutes....
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This note was uploaded on 11/26/2011 for the course ECON MICRO ec 201 taught by Professor - during the Fall '10 term at Montgomery.

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