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Competition (Monopoly, duopoly and perfect competition (Price, Output,…
Competition
Monopoly, duopoly and perfect competition
Price
Output
Consumer surplus
Profit
Welfare
Deadweight loss
Betrand competition
Nash equilibrium
Bertrand paradox
Capacity constraints
Cournot competition
Residual demand
Best responses
Nash equilibrium
Bertrand vs Cournot
Capacities
Price
Perfect competition