1. The imperfect competition school's " possibility theorems " make good social science. 2. Unlike perfect competition, imperfect competition invariably means market power is unequally distributed. 3. Firms operating as monopolies or in imperfect competition face downward-sloping demand curves. 4. In the real world, markets often experience imperfect competition . 5. Other topics include imperfect competition in macroeconomics, nominal rigidity. 6. Hence the growth of theories of imperfect competition , in which companies'strategic choices affect market outcomes. 7. In an oligopoly, firms operate under imperfect competition . 8. The same year British economist Joan Robinson ( 1903 1983 ) published " The Economics of Imperfect Competition ". 9. RBC models were dynamic but assumed perfect competition; new Keynesian models were primarily static but based on imperfect competition . 10. The majority of these studies highlighted imperfect competition and the systematic enrichment of a small group of Port-au-Prince exporters.
