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The second exam focuses on producers by examining production costs as well as the four main market types: Perfect Competition, Monopolistic Competition, Oligopoly, and Monopoly.
The second exam focuses on producers by examining production costs as well as the four main market types: Perfect Competition, Monopolistic Competition, Oligopoly, and Monopoly. Make sure to remember the equations associated with the different kinds of production costs as well as to understand the similarities and the differences between the different market types
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