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How differs oligopolistic competition from a monopoly? Explain the special circumstances of oligopolistic competition with the help of the ournot Model and explain for a
How differs oligopolistic competition from a monopoly? Explain the special circumstances of oligopolistic competition with the help of the ournot Model and explain for a given inverse demand function with p = a-hQ the market results for quantities and prices in the cases if the market would be: a. A duopolistic market with two prot maximizing suppliers A und 3 with Q = ea +eb !- b. A monopoly situation [Company A and Company B merged to Company as]. Assume in both cases that the marginal costs M=c
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