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AndrewKraus AndrewKraus
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7 years ago
Suppose there are two market structures: A and B. Market A is characterized by free entry and exit of firms and firms under this structure face a horizontal demand curve. Market B has only one seller. Identify the market structures. Comment on the pricing mechanism, long-run profitability, and social surplus under both market structures.
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Microeconomics

Microeconomics


Edition: 1st
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losteinlostein
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AndrewKraus Author
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#2
7 years ago
Needed this for my economics assignment, thanks
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