# data[].attributes.attachment_link.title
Monopolistic Competition- Short Run and Long Run- Micro 4.12

# data[].attributes.body
Economic functions of government in a market economy is to maintain competition.

# data[].attributes.body
Inadequate
competition, inadequate information, immobile
resources, public goods, and externalities can lead
to market failures.

# data[].attributes.body
Market structures include perfect competition, monopolistic competition, oligopoly, and monopoly.

# data[].attributes.body
1. The profit motive acts as
an incentive for people to
produce and sell goods and
services.
2. Economists look at a variety
of factors to assess the
growth and performance of a
nation’s economy.
3. Governments strive for a
balance between the costs
and benefits of their
economic policies to promote
economic stability and
growth.