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picture1_Competition Pdf 122278 | Ib Micro Monopolistic Competition


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File: Competition Pdf 122278 | Ib Micro Monopolistic Competition
Monopolistic Competition IB Economics: Theory of the Firm & Market Structures Basics of Monopolistic Competition • Monopolistic competition is a form of imperfect competitionand can be found in many ...

icon picture PDF Filetype PDF | Posted on 08 Oct 2022 | 2 years ago

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...Monopolistic competition ib economics theory of the firm market structures basics is a form imperfect competitionand can be found in many real world markets ranging from sandwich bars and coffee stores busy town centre to pizza delivery businesses city or hairdressers local area care homes for older people might also fit into structure known as similar perfect indeed some economists regard it more realistic because products are differentiated product differentiation means that have control over their implies firms price setting power ar slopes downwards examples shoe repairs taxi minibus key makers companies hairdressing dry cleaners salons launderettes nightclubs assumptions there producers consumers industry concentration ratio low aware non differences among i e slight strong plenty consumer switching takes place they not takers but elasticity demand higher than would under monopoly cross high barriers entry exit this allows respond changing profit signals profits competed away long...
								

							

						
	
												
				
					
					
					
			
					
				
				
		
	

	
		





	

	
				

						

						
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										Category:  Uncategorized / Uncategorized 
										
Posted on: 08 Oct 2022 | 2 years ago
										
										
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Filetype: PDF
										
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										Wan learn
											

												Wan learn