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Market System: Price, Demand and Supply

C/E/359. Analysis of market structure models

WORDS:
560
DATE:
2009
PRICE:
9.99 GBP

The paper offers a calculation-based microeconomics analysis of market structure models examining the models of perfect competition, imperfect competition models, and Cournot duopoly.

 

KEYWORDS: Perfect competition, imperfect competition, price-leader, price-taker, profit maximisation, Cournot duopoly, reaction functions, stable equilibrium,