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Cosmopolitan Networks in Commerce and Society 1660–1914

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MARK CASSON<br />

Fig. 2.4a Stylized view of a competitive market <strong>in</strong>termediated by entre -<br />

preneurs<br />

Fig. 2.4b Vertical <strong>and</strong> horizontal communication <strong>in</strong> a market with<br />

secret collusion between suppliers <strong>and</strong> learn<strong>in</strong>g between consumers<br />

40

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