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Additional
Industrial organization
English Wikipedia - The Free Encyclopedia
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Industrial organization
In
economics
,
industrial organization
is a field that builds on the
theory of the firm
by examining the structure of (and, therefore, the boundaries between) firms and
markets
. Industrial organization adds real-world complications to the
perfectly competitive
model, complications such as
transaction costs
, limited
information
, and
barriers to entry
of new firms that may be associated with
imperfect competition
. It analyzes determinants of firm and market organization and behavior as between
competition
and
monopoly
, including from government actions.
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