Prices higher, pB> p , smaller firms, higher average cost.
{"Image DocumentName": "Prices higher, pB> p , smaller firms, higher average cost.", "Image ImageDescription": "Theory and Politics of European Integration Lecture 7 Trade and Competition Policies. Economic effects. Partial collusion. Less opportunities to cheat. 2n\u2019 is too high for all firms to break even. Industrial consolidation proceeds as usual, but only to nB. Zero profits earned by all at point B. Prices higher, pB> p , smaller firms, higher average cost. Mark-up. BEFT. mmono. A. B. mB. E m COMP. n=1. n nB. 2n\u2019 Number of firms.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}