Compare competitive Markets vs concentrated Markets:<\/p>
Make comparisons with the following:<\/p>
Cost for firms + price for consumers<\/p>
Innovation<\/p>
Profit (short run vs long run)<\/p>
Demand Pricing strategies<\/p>
Mobility of factors<\/p>
factors Knowledge<\/p>", "transcribed_text": "", "related_book": { "title": "Intermediate Microeconomics and Its Application", "isbn": "9781111784300, 324599102, 1111784302, 978-0324599107", "edition": "11th edition", "authors": "walter nicholson, christopher snyder", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/228.jpg", "uri": "\/textbooks\/intermediate-microeconomics-and-its-application-11th-edition-228", "see_more_uri": "" }, "free_related_book": { "isbn": "0809222302", "uri": "\/textbooks\/contemporary-ged-science-preparation-for-the-high-school-equivalency-examination-1st-edition-9780809222308", "name": "Contemporary GED Science Preparation For The High School Equivalency Examination", "edition": "1st Edition" }, "question_posted": "2024-06-12 18:08:38", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/suppose-that-microsoft-was-introducing-a-new-pc-operating-system", "description": "Suppose that Microsoft was introducing a new PC operating system to replace Windows 7. 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