Episode 49: Market Structure - The Science of Everything ...

What this episode covers

A discussion of the effect of market outcomes on firm behavior, consumer welfare, and market outcomes. I examine perfect competition, monopoly, oligopoly, and monopolistic competition, comparing their outcomes and when each type of structure tends to occur. Also includes a discussion of cartels, when they form, and why they tend to fail. Recommended prerequisites are Episode 48: Theory of the Firm, Episode 16: Profits and Competition, and Episode 12: The Price System.

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Frequently Asked Questions

How long is this episode of The Science of Everything Podcast?

This episode is 54 minutes long.

When was this The Science of Everything Podcast episode published?

This episode was published on July 20, 2013.

What is this episode about?

A discussion of the effect of market outcomes on firm behavior, consumer welfare, and market outcomes. I examine perfect competition, monopoly, oligopoly, and monopolistic competition, comparing their outcomes and when each type of structure tends...

Can I download this The Science of Everything Podcast episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.