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1. Review the properties of market structures by filling in this table. # of Similar or Ease of Prots are Decision Rule Decision-rule Firms in

1.Review the properties of market structures by filling in this table.

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# of Similar or Ease of Prots are Decision Rule Decision-rule Firms in Different Entering the positive or for deciding for deciding the Products Market negative in PRICE QUANTITY Market the short and long run? (describe the (describe the steps taken to steps taken to decide price) decide quantity) Perfect Competition Monopoly Monopolistic Competition

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