Discuss how a purely competitive firm might gain market, Business Economics

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Discuss how a purely competitive firm might gain market

Discuss how a purely competitive firm might gain market power (and therefore no longer be a purely compettiive firm). Be detailed and specific. Why would a firm wish to gain market power? How would the firm's success in gaining market power affect the allocation of resources to that industry?

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Business Economics: Discuss how a purely competitive firm might gain market

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Business Economics: Discuss how a purely competitive firm might gain market

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