imperfect competition sentence in Hindi
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- The imperfect competition school's " possibility theorems " make good social science.
- Unlike perfect competition, imperfect competition invariably means market power is unequally distributed.
- Firms operating as monopolies or in imperfect competition face downward-sloping demand curves.
- In the real world, markets often experience imperfect competition.
- Other topics include imperfect competition in macroeconomics, nominal rigidity.
- Hence the growth of theories of imperfect competition, in which companies'strategic choices affect market outcomes.
- In an oligopoly, firms operate under imperfect competition.
- The same year British economist Joan Robinson ( 1903 1983 ) published " The Economics of Imperfect Competition ".
- RBC models were dynamic but assumed perfect competition; new Keynesian models were primarily static but based on imperfect competition.
- The majority of these studies highlighted imperfect competition and the systematic enrichment of a small group of Port-au-Prince exporters.
- Hence the fiscal multiplier is less than one, but increasing in the degree of imperfect competition in the output market.
- Even if prices are perfectly flexible, imperfect competition can affect the influence of fiscal policy in terms of the multiplier.
- The new Keynesian explanation of price stickiness relied on introducing imperfect competition with price ( and wage ) setting agents.
- This is in contrast with its rival price stickiness and imperfect competition to generate macroeconomic models similar to earlier, Keynesian ones.
- In this way it is useful for explaining supply and demand, as well as essential aspects of models of imperfect competition.
- The New neoclassical synthesis essentially combined the dynamic aspects of RBC with imperfect competition and nominal rigidities of new Keynesian models.
- Later microeconomic theory distinguished between perfect competition and imperfect competition, concluding that perfect competition is Pareto efficient while imperfect competition is not.
- Later microeconomic theory distinguished between perfect competition and imperfect competition, concluding that perfect competition is Pareto efficient while imperfect competition is not.
- Edward Chamberlin and Joan Robinson were caught up in a vain attempt to persuade other economists of the significance of imperfect competition.
- In the 1980s the key concept of using menu costs in a framework of imperfect competition to explain price stickiness was developed.
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