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6. A modern economy has many different types of industries. However, an economic analysis of the different firms or industries within an economy is simplified

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6. A modern economy has many different types of industries. However, an economic analysis of the different firms or industries within an economy is simplified by first segregating them into 4 different models based on the amount of competition within the industry. a. Name these 4 basic market models and describe some of the major characteristics of pure completion. B. Name and briefly explain some of the major barriers to entry under pure monopoly

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