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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.
- Fall '10