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How do advanced theories of market structure and competition, including monopolistic competition, oligopoly theory, and game theory, illuminate the behavior of firms, pricing strategies, and

How do advanced theories of market structure and competition, including monopolistic competition, oligopoly theory, and game theory, illuminate the behavior of firms, pricing strategies, and market outcomes in industries characterized by imperfect competition and strategic interactions? 

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Answer Traditional market structures like perfect competition offer a good starting point but reality is messier Advanced theories delve into the comp... blur-text-image

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