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Author Question: Imperfect competition and market power (Read 83 times)

Kikoku

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on: Apr 19, 2019

Question 1

Monopolies, oligopolies, and monopolistic competitive industries all


◦ earn positive profits in the long run.
◦ have market power.
◦ are completely unconstrained in their pricing.
◦ raise price and quantity over what would occur in perfect competition in order to maximize their profits.

Question 2

Imperfect competition and market power


◦ are major sources of inefficiency.
◦ result in higher output than in perfect competition.
◦ are always the result of product differentiation.
◦ result from diseconomies of scale.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Kikoku on Apr 19, 2019

kbennett34

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Reply #1 on: Apr 19, 2019
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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Kikoku

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Reply #2 on: Apr 19, 2019
Thank you!


kbennett34

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Reply #3 on: Apr 19, 2019
Always glad to help...


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