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Please help with as many as possible! Thanks in advance! Let's discuss perfect competition here...what are your thoughts? What are the advantages/disadvantages for consumers/producers in
Please help with as many as possible! Thanks in advance!
- Let's discuss perfect competition here...what are your thoughts? What are the advantages/disadvantages for consumers/producers in a highly competitive market (think about and post some examples)
- What is the shape of the demand curve faced by the perfectly competitive firm? Why?
- What is different about monopolistic competition and perfect competition? (How about some examples of each)
- What is the demand for a monopolistically competitive firm's product and what determines its shape? (Does advertising help monopolistically competitive firms or perfectly competitive firms - why/how?)
- How does opportunity cost regulate firms entering and exiting a perfectly competitive market?
- Explain how the long run differs from the short run in pure competition (perfect competition).
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The Rise And Fall Of Neoliberal Capitalism
Authors: David M Kotz
1st Edition
0674725654, 9780674725652
