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What Did the "Minimal Effects Hypothesis" Suggest That the Media

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What did the "minimal effects hypothesis" suggest that the media has a minimal effect on?

Identify different market structures, including duopoly, monopoly, monopsony, and monopolistic competition.
Analyze the effects of marginal cost and fixed cost on production and pricing in duopoly contexts.
Examine scenarios where cartels are more likely to fail due to cheating by members.
Understand the conditions under which collusive agreements are difficult to maintain.

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