38 min listen
Episode 49: Market Structure
ratings:
Length:
55 minutes
Released:
Jul 21, 2013
Format:
Podcast episode
Description
A discussion of the effect of market outcomes on firm behavior, consumer welfare, and market outcomes. I examine perfect competition, monopoly, oligopoly, and monopolistic competition, comparing their outcomes and when each type of structure tends to occur. Also includes a discussion of cartels, when they form, and why they tend to fail. Recommended prerequisites are Episode 48: Theory of the Firm, Episode 16: Profits and Competition, and Episode 12: The Price System.
Released:
Jul 21, 2013
Format:
Podcast episode
Titles in the series (100)
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