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Identify a particular industry (non-government) that meets the criteria for Pure Competition or Monopoly. Explain clearly why you think the industry is in Pure Competition
Identify a particular industry (non-government) that meets the criteria for Pure Competition or Monopoly. Explain clearly why you think the industry is in Pure Competition or is a Monopoly and evaluate it from perspectives of efficiency and equity. Keep in mind there are four market structures and we study Monopolistic Competition and Oligopoly next week. Identify the market characteristics, productive efficiency, allocative efficiency, and equity in the particular industry that you selected.
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