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Home -› Economics
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-› Cournot Competition
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Social Science Categories
| Definition Of: | ||
Cournot Competition
an oligopoly in which each firm believes that its rivals are committed to a certain level of production and that rivals will reduce their prices as needed to sell that amount
See also: Allocative Efficiency , Marginal Cost , Change in Demand , Joint Implementation , Efficiency Wage Theory |
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Environmental Economics Dictionary INDEX:List of Terms: Terms beginning with "A", Page 1 |
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Page Number:
1 A: Page 1 of 1. |
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