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Market Structure (65 points) A. Graph and discuss a comparison of the short-run and long-run profits, price, quantity, MR and MC of a Monopoly and

Market Structure (65 points)

A. Graph and discuss a comparison of the short-run and long-run profits, price, quantity, MR and MC of a Monopoly and a PC firm. Which type of firm is more efficient and why? (30 points)

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