26 Economic Models Price-based: Supply,demand,value, wealth of economic system Commodity Market Model Posted Price Model Bargaining Model Tendering (Contract Net) Model Auction Model English, first-price sealed-bid, second-price sealed-bid (Vickrey), and Dutch (consumer:low,high,rate; producer:high, low, rate) Proportional Resource Sharing Model Monopoly (one provider) and Oligopoly (few players) consumers may not have any influence on prices.
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