Microeconomics
Microeconomics
11th Edition
ISBN: 9781260507140
Author: David C. Colander
Publisher: McGraw Hill Education
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Chapter 15, Problem 13QE
To determine

Differentiate between contestable market and oligopoly market to judge an industry by performance.

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Find an example of consumer product market that fits John Sutton’s theory of the domination of brand-named firms and discuss why this is the case. Would his theory fit other types of industries? Why or why not?
How do you analyze how Winn-Dixie oligopolies position themselves to be successful?
How many real industries can you name that are oligopolies? How many operate under monopolistic competition? Perfect competition? Which of these is most difficult to find in reality? Why do you think this is so?
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