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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 fundamental result in the theory of commodity taxation is that taxes increase consumer prices and reduce supply …
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