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What main features are found in oligopolies?
Assumptions of oligopoly
a) collusion not limited to price or output - possible to divide markets or limit entrants
b) collusion is most often illegal
c) Collusion often short-lived, as cheating is a strong incentive
d) Overt and tacit collusion
e) Price leader
a) Non-collusive outcome results often in price rigidity
b) Firms are heavily interdependent and reluctant to engage in head-on competition
c) Non-price competition may result in both new and better goods - or at least the marketing effort will increase perceived quality
Implications for the Role of Economic Theory : Like the schedule for the marginal efficiency of capital, expectations about the future market rate of interest underlie the li
Regardless of the market structure, oligopolist and the monopolist maximize their TR when MR=0. Do you agree?
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Policy Measures for Private Sector Investment Policy measures aimed at reforming education financing was made with two major propositions, viz. (i) Improving the efficiency
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Stock Market: A place where shares of joint stock corporations are sold andbought. Most modern stock markets no longer have a physical presencehowever rather connected computer net
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