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Title: Basic principles of economics for competition law
Authors: Briguglio, Lino
Keywords: Microeconomics -- Case studies
Antitrust law -- Cases
Markets -- Case studies
Issue Date: 2013-01-30
Publisher: University of Malta
Citation: Briguglio L. (2013). Basic principles of economics for competition law.
Abstract: The perfect competition model is associated with maximum consumer welfare. As new firms enter the market, supply will increase and prices will go down to a point where all supernormal profits of firms (i.e. mark-up over all production costs) are eliminated. Firms at this point will be forced to produce at the lowest cost possible.
Description: Professor Briguglio was invited to address University staff and post-graduate students, government officials and the business community at a seminar on "Economics of Competition Law" at the University of the South Pacific on 30th January 2013.
Appears in Collections:Scholarly Works - InsSSI

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