4Lecture

4Lecture - In real world we do not have perfect competition or exact monopoly Farmers do not set price for their products 13:14 13:14

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Lecture 4 Exam 2 13:14 Chapter 6 Perfect competition: Perfect competition --------Oligopoly, Monopolistic comp-------- monopoly Least efficient type of market is monopoly, most efficient is perfect competition.
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Unformatted text preview: In real world we do not have perfect competition or exact monopoly. Farmers do not set price for their products 13:14 13:14...
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This note was uploaded on 02/23/2012 for the course 373 363 taught by Professor Hochman during the Spring '12 term at Rutgers.

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4Lecture - In real world we do not have perfect competition or exact monopoly Farmers do not set price for their products 13:14 13:14

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