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Card 6

Front

The net gain from innovation under Monopoly is?

Back

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Card 7

Front

What causes innovation under Perfect Competition?

Back

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Card 8

Front

Why does LRAC1 decrease to LRAC2 under Perfect Competition?

Back

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Card 9

Front

Under Perfect Competition the Net Gain is?

Back

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Card 10

Front

How can you compare the net gain for Monopolies and Perfect Competition?

Back

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Card 11

Front

Is F > C-A?

Back

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Card 12

Front

Why might welfare gain be higher under Perfect Competition?

Back

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Card 13

Front

What model is about timing of innovation?

Back

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Card 14

Front

What is the optimal development time model?

Back

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Card 15

Front

In a less competitive market the optimal development time will be?

Back

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