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Characteristic Characteristic

Characteristic - PowerPoint Presentation

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Uploaded On 2017-12-23

Characteristic - PPT Presentation

Pure or Perfect Competition Pure Monopoly Number of Firms VERY large number of firms Only ONE firm The firm IS the industry Price making abilities of individual firms Each firm is so small that changes in its own output do not affect market price ie firms are price takers ID: 617586

firm price monopoly atc price firm atc monopoly output market demand monopolist firms monopolistic discrimination level firm

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