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This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
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1. Monopoly -- 2. Simultaneous quantity competition -- 3. Simultaneous price competition -- 4. Sequential competition … detailed answer keys. While most textbooks on industrial organization focus on theory and empirical findings, this textbook … different models of firm behavior and interaction; starting with monopoly and moving through the Cournot model of simultaneous …
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a one-dimensional interval scale. The research investigates the equilibrium within a monopoly scenario, considering a … production cost that is strictly convex. The monopoly offers a strategy comprising various quality-price combinations, with …
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We characterize equilibria of oligopolistic markets where identical firms with constant marginal cost compete à la Cournot. For given maximal willingness to pay and maximal total demand, we first identify all combinations of equilibrium consumer surplus and industry profit that can arise from...
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