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Classify each of the following businesses by their characteristics. For parts o. through d., write Pure Competition, Pure Monopoly, Monopolistic Competition or Oligopoly. Answer the

Classify each of the following businesses by their characteristics. For parts o. through d., write Pure Competition, Pure Monopoly, Monopolistic Competition or Oligopoly. Answer the questions in parts e. through h. Give a brief explanation for your answer for each part, Why won't a purely competitive firm earn economic profits in the long run

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