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Other Papers on :Market Power: Monopoly and Oligopoly

P/E/320. Moving from monopoly to perfect competition

(2006, 2000 words)

The paper reviews the theories of the two extreme forms of market structure: pure monopoly and perfect competition, comparing them and seeking to identify whether moving from monopoly to perfect competition is desirable. Arguments in favour and against perfect competition are presented and discussed.



 
   
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