Explain what is the difference between firms in
Explain what is the difference between firms in monopolistic competition and firms in oligopoly. What does this difference mean for prices and quantities and for economic profit?
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if the demand for a final product rises then this results ina a decrease in the productndashs price at the current
we see that monopolist internalize the effect of its production on prices which leads to a contraction of output
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explain what is the difference between firms in monopolistic competition and firms in oligopoly what does this
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suppose the council of economic advisors cea hired you as an economist economic consultant the head of the council
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