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a market with many buyers and sellers trading identical products so that each buyer and seller is a price taker
a monopoly that arises because a single firm can supply a good or service to an entire market at a smaller cost than could two or more firms
the business practice of selling the same good at different prices to different customers
a market structure in which many firms sell products that are similar but not identical
a situation in which economic participants interacting with one another each choose their best strategy given the strategies that all the others have chosen
a particular "game" between two captured prisoners that illustrates why cooperation is difficult to maintain even when it is mutually beneficial
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