A market is not competitive when the agents acting in such a market have the power to influence the price, directly or indirectly, something that does not occur under perfect competition. Generally, these agents have market power because they are few in number, have...
CITATION STYLE
Georgantzís, N., & Attanasi, G. (2016). Non-Competitive Markets. In Experimental Economics (pp. 21–36). Palgrave Macmillan UK. https://doi.org/10.1057/9781137538161_2
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