Competition market could be characterized by an hhi less than 1000 a monopolistic hhi would be 10000 and an oligopoly would lie somewhere in between these hhi limits are not strictly defined but they generally describe the standards that are used by the us department of justice. A read is counted each time someone views a publication summary such as the title abstract and list of authors clicks on a figure or views or downloads the full text. Ch 13 econ 104b study flashcards learn write spell test play match gravity created by manuel ramos5 terms in this set 40 perfect competition and monopolistic competition are similar in that both market structures include no barriers to entry perfect competition and monopolistic competition are similar in that firms in both types of market structure will earn zero profit in . Competitive labour markets the demand for labour marginal productivity the demand for factors of production is derived from the demand for the products these factors make for example if mobile phones are in greater demand then the demand for workers in the mobile phone industry will increase ceteris paribus
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