Previously in Sequence: Moloch Hasn't Won, Perfect Competition This post looks at a few examples of imperfect competition to illustrate various ways in which perfect competition is kept at bay and value is preserved. Concrete examples seem more likely to enlighten than abstract principles.
Imperfect Competition
Imperfect Competition
Imperfect Competition
Previously in Sequence: Moloch Hasn't Won, Perfect Competition This post looks at a few examples of imperfect competition to illustrate various ways in which perfect competition is kept at bay and value is preserved. Concrete examples seem more likely to enlighten than abstract principles.