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Canada (508,934)
Economics (1,614)
ECON 1BB3 (535)
Lecture

Economics Lecture 4

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Department
Economics
Course
ECON 1BB3
Professor
Bridget O' Shaughnessy
Semester
Fall

Description
Economics Lecture 4 What affects your decision to go to the movies? Market = group of buyers and sellers 4 types of market structure 1. Perfect competition – lots of buyers and sellers, goods are the same 2. Monopoly- one seller, they determine the price 3. Oligopoly- few firms in the market, similar to monopoly 4. Monopolistic Competition – lots of sellers but different products Demand Quantity demanded:
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