Presented here is the economical model with one commodity that is produced by two independent business entities. Investigated is the mutual impact of entities on each other, and formally described is the dynamics of competitive behavior. The research techniques and results are based on the author's Continuous-Time Model of Business Fluctuations.
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Paper provided by EconWPA in its series Microeconomics with number
9903003.
Find related papers by JEL classification: D41 - Microeconomics - - Market Structure and Pricing - - - Perfect Competition E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
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