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b) What are two factors that concern economists about the outcome from markets characterized by monopoly as compared to the outcome from markets characterized by
b) What are two factors that concern economists about the outcome from markets characterized by monopoly as compared to the outcome from markets characterized by perfect competition? (NOTE: profits are NOT one of the concerns).a) Why then are McDonald's restaurants considered to be in a monopolistically competitive market while wheat farmers are in a perfectly competitive industry
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Business Its Legal Ethical and Global Environment
Authors: Marianne M. Jennings
11th edition
1337103578, 978-1337514392, 133751439X, 978-0357690130, 978-1337103572
