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Discuss the main assumptions of perfect competition and monopolistic competition. Discuss the impact of Covid-19 on small grocery stores. Compare this with big businesses like

Discuss the main assumptions of perfect competition and monopolistic competition.

Discuss the impact of Covid-19 on small grocery stores. Compare this with big businesses like Woolworths and Coles. Highlight the impact of the crisis using the models on market structure (hint: think of models on perfect competition, monopoly, monopolistic competition, oligopoly).

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