The costs of a purely competitive firm and a monopoly could, Ask an Expert

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The costs of a purely competitive firm and a monopoly could be different because the competitive firm is unregulated. the monopoly controls the input prices. the monopoly might experience economies of scale not available to the competitive firm. the competitive firm has a lower price.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9678464

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