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1. Assuming identical cost curves, draw a diagram to compare the long run equilibrium position of a monopolistic firm and a perfectly competitive firm. 2.

1. Assuming identical cost curves, draw a diagram to compare the long run equilibrium position of a monopolistic firm and a perfectly competitive firm.

2. c) Discuss the THREE (3) disadvantages of price ceiling imposed by government to set the price in the market.

please ASAP, thanks for your help

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