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in terms of where demand is located relative to the cost curves? 5. What are the four market structures and what are their characteristics? Which

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in terms of where demand is located relative to the cost curves? 5. What are the four market structures and what are their characteristics? Which markets are hard to enter? In which markets do firms have pricing power? 6. Draw a graph comparing artificial monopoly to a competitive market assuming each has the same economics of scale (same size tools/factories). Which market structure would produce more? Which market structure would charge more

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