a)A firm operating under perfect completion is earning an economic profit of K20m, in a long...

a)A firm operating under perfect completion is earning an economic profit of K20m, in a long run, is this a feasible outcome and why?
b) what are the implications of a having a kinked demand curve under oligopoly markets
c) what is the key different between perfect competition and monopolistic competition?

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Rahul Sunny answered 1 year ago

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