Buy custom Pure and Monopolistic competition
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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 484 |
Essay's paper body
11). In a short-term, if a firm (seller) is making profit selling by P>MC, this will open the opportunities for other firms to enter the market. Therefore, the market price will go down until demand meets supply again in the market. On the other hand, if a firm is making a loss selling by P
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On the other hand, if a firm is making a loss selling by P
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approaches that a business firm could use to gather information about competition
Evaluate each of the following approaches that a business firm could use to gather information about competition. For each approach, mark your feeling about its appropriateness using the following scale
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