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Answer in a couple of sentences: Why is the assumption that a corporation or company with market power will charge the highest price they can a false one?
- Discussion Questions: 2, 4, & 6
- Review Questions: 1, 3, & 6
- Problems: 1 & 4
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Answer in a couple of sentences: Pick an industry you believe to be a monopolistic competition and tell why you believe it is one.
- Discussion Questions: 1, 4
- Review Questions: 1, 2, & 3
- Problems: 1 & 3