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the sort of easy cases that you study in 115:
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so outside of the example of monopoly,
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where there is only one firm and so there's not much competition;
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and outside the case of perfect competition
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where there are so many firms,
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it's as if each firm is a price taker.
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We're going to continue with that today,
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and in fact you're going to continue with it on into the homework.
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So last time, we looked at Cournot.
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It was the model we started with.
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We looked at two firms competing in quantities.
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And just to review a little bit what we did last time,