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Monopoly Graph Review and Practice- Micro Topic 4.2

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when there is only firm prevailing in a particular industry

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This is a state of limited competition

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Monopolistic Competition- Short Run and Long Run- Micro 4.12

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there are many small firms who all have minimal shares of the market

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Perfect Competition Short Run (1 of 2)- Old Version

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Its a hypothetical market where competition is at its greatest possible level