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VALUE UNDER PURE COMPETITION
DUOPOLY AND OLIGOPOLY x
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adjustment advertising amount assumed assumption average Chapter combined cost competitors conclusion constant cost curve cost of production cost of selling Cournot curve of cost demand and supply demand curve demand line differentiated distribution duction duopoly Economic Journal effect elastic equations equilibrium price fact factors factors of production field firm forces further higher imperfect increase individual producer individual seller justment labor large number larger less limit mand marginal costs marginal product minimum point monopolistic competition monopoly elements monopoly profits nomic number of sellers oligopoly output patents perfect perfect competition point of tangency possible price cut problem producing and selling production costs pure competition regarded rent result retail rival scale of production selling costs selling outlays small number sold solution substitutes supply curves theory of monopoly theory of pure tion trade-marks unit variation variety zero