What firms in perfectly competitive markets and monopolistic, Microeconomics

What firms in perfectly competitive markets and monopolistic

Problem

i. Using appropriate graphs, explain how and why the demand curve for monopolist firm differs from the demand curve of a firm in perfect competition?

ii. What do firms in perfectly competitive markets and monopolistic competitive markets have in common? How are they different in the long run?

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Microeconomics: What firms in perfectly competitive markets and monopolistic

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Microeconomics: What firms in perfectly competitive markets and monopolistic

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