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Judges claim the power to issue executive orders on the basis of the Article II,Section 1 constitutional power to "take care that the laws be faithfully executed."
Cournot Model
A model in oligopoly theory where firms compete on the quantity of output they decide independently and simultaneously.
Monopolistic Competition
A market structure characterized by many firms selling products that are similar but not identical, allowing for competition on factors other than just price, such as quality and marketing.
Bertrand Model
Oligopoly model in which firms produce a homogeneous good, each firm treats the price of its competitors as fixed, and all firms decide simultaneously what price to charge.
Duopolists
Firms or entities that operate in a duopoly, a market structure characterized by only two producers or sellers of a particular good or service.
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