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Kindly advise on the following questions and use diagrams where possible. Thanks basic maximize rule states, If IT must chooke that level of output where

Kindly advise on the following questions and use diagrams where possible. Thanks

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basic maximize rule states, If IT must chooke that level of output where MC= MR and a firm choo 5. (a) What are the sources of monopoly power? (b) With the help of diagrams, explain under what conditions a firm operating even losses., under monopolistic competition would make excess profits, normal profits and What is the scenario in the long run

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