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Organization of this Text 6 Summary
Tools and Techniques for Analysis 11
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advertising aluminum antitrust laws average cost benefit brand buyers cars cartel Chapter charge competitive equilibrium competitive firm competitive industry competitors concentration conjectural variations consumer surplus cost curve Cournot Court customers deadweight loss demand curve discussed distributor dominant firm earn effect efficient elasticity of demand entrant Equation example Figure firm produces firm's fixed costs fringe firms higher price incentive increase incumbent Journal of Economics less long-run lower price machine manufacturer marginal cost marginal revenue market power market structure maximize merger monopolistically competitive number of firms oligopoly OPEC optimal patent percent perfect competition period predatory pricing price discrimination problem purchase quantity raise rate of return regulation relatively resale price maintenance residual demand curve result rivals sell sellers shows social sold strategic behavior strategy studies supply curve Suppose theory tie-in sales two-part tariff Type units vertical integration vertical restrictions welfare zero