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It was discussed that firms in a monopolistic market structure are all significant.Explain thoroughly. (Template for answer: discuss first how a monopolistic market structure is

  1. It was discussed that firms in a monopolistic market structure are all significant.Explain thoroughly. (Template for answer: discuss first how a monopolistic market structure is different from the other market structure [2 points]; then discuss thoroughly what makes each firm in the said market structure is significant (20sentences)

  1. Explain thoroughly (in the context of managerial economic decision making) one of the five forces model of Dr. Michael Porter. (20sentences)

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