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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, Assuming that certain Monopolistically Competitive firms in a particular industry are earning short-rui economic profits. What will happen? What will the end result be
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