On successful completion of the module, students should be able to:
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Discuss the “market” concept and its practical relevance.
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Compare two generic forms of oligopolistic competition: price and quantity competition.
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Analyse various forms of predatory conduct.
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Discuss the feasibility and sustainability of collusive behaviour.
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Explain how particular contractual relations between firms affect the latter’s profits, rival firms’ profits, the consumer and overall welfare. .
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Identify the issues specific to industries with a natural monopoly.
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Critically assess various aspects of competition policy and regulation.