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10 cards from this deck
Market structure with only a few dominant firms
Interdependence - must consider rivals' reactions
Market share held by largest firms in an industry
Paul Sweezy
Elastic - firm loses many customers to competitors
Best choice regardless of what other player does
No player has incentive to change given others' choices
Agreement between firms to maximize joint profits
Dominant firm sets price, other firms follow its lead
Market with a single buyer of a good or service
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