Ch.4 Market power and dominant firms Chapter 5. Non-linear pricing and price discrimination Ch. 6 Market power and product quality • Search goods • Experience goods and quality • Signaling high quality • Summary
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• Introduction • The welfare economics of market power • Profit Maximization • Perfect Competition • Efficiency • Market Power • Market Power and Public Policy • Theory of the firm • Neoclassical theory of the firm • Why do firms exists? • Limits to firm size • Do firms profit maximize? • Summary
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