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In your initial post, include the image of your simulation report in your response. See the How to Submit a Simulation Report Image PDF document
In your initial post, include the image of your simulation report in your response. See the How to Submit a Simulation Report Image PDFdocument for more information. Then, address the following questions:
- Explain which types of market inefficiencies derive from monopolies. Use examples from the textbook to support your claims.
- Describe the types of inefficiencies that derive from monopolistic competition. Use examples from the textbook to support your claims.
- How are monopolies and monopolistic competitive firms profitable? Use examples from the textbook to support your analysis.
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