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(Solution document) Compare perfect competition and pure monopoly. What are major differences in terms of conditions to be perfect competition and pure monopoly?


Compare perfect competition and pure monopoly. What are major differences in terms of conditions to be perfect competition and pure monopoly? Why monopoly is inefficient compared to perfect competition?

What is the relationship between product differentiation and monopolistic competition?

How is the perceived demand curve for a monopolistically competitive firm different from the perceived demand curve for a monopoly or a perfectly competitive firm?

 







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