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Author Question: The existence of imperfectly competitive firms implies a market failure because (Read 32 times)

olgamartinez04

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on: Oct 12, 2022
The existence of imperfectly competitive firms implies a market failure because
◦ there is no way to prevent these firms from abusing their market power.
◦ their market power allows them to deceive consumers.
◦ they do not produce a productively efficient level of output.
◦ they lead to a socially undesirable distribution of income.
◦ those firms will maximize profits by setting price above marginal cost.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by olgamartinez04 on Oct 12, 2022

jbsuccess1

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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olgamartinez04

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

frankwu0507

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Reply 3 on: Yesterday
Wow, this really help

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