Goverment policy and perfect competetion

Title: Goverment policy and perfect competetion
Category: /Social Sciences/Economics
Details: Words: 1961 | Pages: 7 (approximately 235 words/page)
Goverment policy and perfect competetion
How efficient the economy is operating largely depends on the level of the competition in the market. Level of competition in economic theory is divided into three different categories, named the perfect competition, monopolistic competition, oligopoly and monopoly. Barriers of entry is one of the key points to distinguish the difference between the levels, thus it is, to a certain extent, the authorities' main task to keep the entry barriers low, where the market can …showed first 75 words of 1961 total…
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…showed last 75 words of 1961 total…allocation in a market economy 2nd Edition, 1975, New Jersey USA, Prentice-Hall, Inc. Fuller, N. Foundation Economics, 1987, Checkmate Publications. Hanson, J. L. A Textbook of Economics, 1986, Pitman Publishing Ltd. Hayek, F.A. "The use of knowledge in society", in American Economic Review 35, pp. 519-530. 1945. Sloman, J. Essentials of Economics, 2001, Pearson Education Ltd. Waldron, H. Lecture Handouts, 2004, Unpublished. Wall, N. Complete A-Z Economics Handbook 2nd Edition, 2003, London, Hodder & Stoughton. www.194.81.177.179/moodle/course/view.php?id=10

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