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    Microeconomics Study Set 3
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    Exam 13: Oligopoly and Monopolistic Competition
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    Explain Why a Monopoly or a Perfectly Competitive Firm Does
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Explain Why a Monopoly or a Perfectly Competitive Firm Does

Question 46

Question 46

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Explain why a monopoly or a perfectly competitive firm does not consider a rival firm's behavior,but an oligopoly and a monopolistically competitive firm do.

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A monopoly has no rivals.The market pric...

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