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Industrial Organization: Applied Frameworks
Industrial Organization: Core Concepts
A foundational overview of Industrial Organization (IO), studying market structure, firm behavior, and welfare implications across various competitive environments. ✨
Article Points:
1
IO analyzes market structure, firm conduct, and market performance (welfare).
2
Market structure is defined by number of firms, product differentiation, and barriers to entry/exit.
3
Key market structures: Perfect Competition (many small firms, homogeneous product, no barriers).
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Monopoly (single firm, unique product, high barriers).
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Oligopoly (few large firms, interdependent strategies, high barriers).
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Monopolistic Competition (many firms, differentiated products, low barriers).
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Understanding IO helps inform competitive strategy, pricing decisions, and regulatory analysis.
Source:
Industrial Organization: Core Concepts
Industrial Organization: Core Concepts
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Source:
Industrial Organization: Core Concepts
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