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- Compare the market structure of monopoly to perfect competition.how do they differMonopolies and Monopolistic Competition Describe the types of inefficiencies that derive from monopolistic competition. Use examples3.1. Fill out the table below. Unit Marginal Marginal Quantity (Q) Price (P) Total Revenue (TR) Fixed Cost (FC) Variable Cost (VC) Total Cost (TC) Profit Cost Revenue 14 $10 $3 $43 15 $10 $51 16 $10 $60 17 $10 $70 18 $10 $81 3.2. Is the table above pertaining to a perfectly competitive firm or monopoly? How can you tell?
- Looking at the demand curve below, what market type does its curve suggest? Select the correct answer below. O monopoly perfect competition Price monopolistic competition all markets Quantity 27 FEEDBACK MORE INSTRUCTION SUBMITResearch the difference between pure competition and monopoly pricing. Compare and contrast the differences between the two and then explain which you would prefer if you were a shipper (you’re paying the bill) and why? Also, consider your answer if you were the carrier (you’re getting paid) and explain how you might feel differently and why?Monopolistic competition is a market structure that has elements like ... Group of answer choices a. monopoly and competition b. monopoly c. competition
