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ECON 4020 - Industrial Organization (Formerly 49.402)

Description
The field of Industrial Organization studies the behaviors of firms in imperfectly competitive markets. Its importance is best illustrated by understanding limitations of perfect competition. By definition, a perfectly competitive firm takes the market determined price as given and therefore has absolutely not control on price. Consequently, there is no room for any pricing strategy, not room for advertisement, and the firm has little incentive to conduct R&D or merge with other firms. All these business practices that we see every day must be discussed and analyzed in a setting of imperfect competition - the main focus of Industrial Organization. Enrollment Requirements: Pre-Req: ECON.2010 Economics I (Microeconomics).
Credits
3
Attributes
Social Sciences Perspective
Recent Professors
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Schedule Planner
Recent Semesters
Spring 2019, Fall 2017
Offered
MWF, MW
Avg. Class Size
30
Avg. Sections
1