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ECO 365 Week 3 DQ 2

ECO 365 Week 3 DQ 2

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ECO 365 Week 3 DQ 2

What are some real-life examples of monopolistically competitive, oligopoly, and monopoly markets? How do market prices differ between perfectly and imperfectly competitive markets? Will a monopoly always produce at a profit-maximizing output level? Explain your answer.

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