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What are terms included in oligopoly?
Oligopoly includes:
• The meaning of oligopoly, and why it arises
• Collusion
• Game theory, particularly the concept of the prisoners’ dilemma
• Tacit collusion
• Antitrust policy
plot the demand schedule and draw the demand curve for the data given for marijuana in the case above
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Discuss the full cost pricing and marginal cost pricing method. Explain how the two methods differ from each other.
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determinants of price expectation of elasticity
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