What's Industrial organization? (Cont Industrial organization adds real-world complications to the perfectly competitive model, complications such as transaction costs limited information, and barriers to entry of new firms that may be associated with imperfect competition. It analyzes determinants of firm and market organization and behavior as between competition and monopoly including from government actionsWhat’s Industrial organization? (Cont.) • Industrial organization adds real-world complications to the perfectly competitive model, complications such as transaction costs, limited information, and barriers to entry of new firms that may be associated with imperfect competition. It analyzes determinants of firm and market organization and behavior as between competition and monopoly, including from government actions