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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 804 |
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With the raising of prices by a monopoly, there is no regulatory system or price ceiling.
Examples of monopoly include many public utilities and the U.S. Postal Service. The utilities includes, gas, electric, and water.
Unlike perfect competition, monopoly, and monopolistic competition, there is no one theory of oligopoly...
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The different theories of oligopoly have the following common assumptions: (1.) There are few sellers and many buyers. (2.) Firms produce and sell either homogeneous or differentiated products. (3.) There are significant barriers to entry. The three theories of oligopoly that effects its price and output are: the cartel theory, the kinked demand curve theory, and the price leadership theory...
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