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Please answer each problem in paragraph form and give a detailed answer with some exs please and use real life exs such as businesses and corporations. Please answer in paragraph form using at least 5-6 sentences and around 75-100 words per problem and the ones that need to be answered more in depth please do that to, just give very detailed answers with real life exs. thank you

1. Why does a competitive firm make only normal profits in the long run?

2. What is the relationship between perfect competition and globalization?

3. Why should monopolies be regulated? What are the problems of regulating monopolies?

4. Why is it difficult to draw the line between monopolistic competition and oligopoly?

5. What is market concentration? How is it measured?

6. What is sustainable competitive advantage? How can it be attained?

7. What is the relationship between microeconomics and sound investment strategy?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M964882

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