1 3 Markets Structure: Monopolistic Competition, Duopoly, Oligopoly for UPSC
This is relevant because when competitors are fewer, a firm’s decision to make even a small change in price or output can have a more direct impact on its rivals. Thus, each firm carefully considers its competitors’ behaviours and reacts accordingly, shaping the consumer landscape. It also serves as a measure of monopoly power, price […]
1 3 Markets Structure: Monopolistic Competition, Duopoly, Oligopoly for UPSC قراءة المزيد »