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Which Field of Economics Studies How the Number of Firms

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Which field of economics studies how the number of firms affects the prices in a market and the efficiency of market outcomes?


Definitions:

Triad

In sociology, a group of three people, which provides the simplest unit for studying complex group dynamics.

Cognitive Consistency Theories

A group of attitude theories stressing that people try to maintain internal consistency, order and agreement among their various cognitions.

Three-Component Model

A framework in psychology that describes an attitude as having cognitive, affective, and behavioral components.

Attitude

A mental inclination shown by assessing a specific entity with a certain level of preference or aversion.

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