December 11, 2011

Economics of Competition - Economics for CEOs - Review Notes

CEOs need an understanding of the structure of competition in their industries as business decisions of their firms are to be oriented to competition in their industry.

Joel Dean included the article "The Nature of Competition" by Clair Wilcox in this chapters.

The types of competition discussed in the paper are:

Perfect competition
Pure competition
Imperfect competition
Monopolistic competition
Non-price competition
Cutthroat or destructive competition
Predatory or discriminatory competition
Unfair competition
Fair competition
Potential competition
Effective or workable competition

Managerial Economics by Joel Dean

Originally posted at

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