Characterize the long run equilibrium of a perfectly, Ask an Expert

Economics

a) characterize the long run equilibrium of a perfectly competitive industry in which average costs are U-shaped as output increases, under both restricted and free entry.

b) Discuss the senses in which a perfectly-discriminating monopolist is efficient or inefficient.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9488667

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