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Explain how oligopolies can work both for and against consumers.
Oligopolies market power can of course work against consumers - as price-setting and any form of collusion will lower consumer welfare. Yet it is also the fact that a lot of oligopolies in fact have to act in accordance with market demand basics and are therefore to a certain extent competitive.
Indifference curve definition
in the keynesian model, the price is assumed to be what?
what is The most important source of oligopoly?
Xd(Px)=5000-100Px
typical assumptions
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graphical illustrations describing the influence of an increase in immigrants on the market supply of labour
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