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1) What a… Show more A) explain the term “Market Structure

1) What a… Show more A) explain the term “Market Structure” B Develop an analysis/model of perfect competition. 1) What are the conditions of perfect competition? 2) in the short rum, what is the industry result? 3) develop a model demonstrating the result for one producer in the short run. 4) what is the goal of the producer in the short run? how does he achieve this Goal?( what is ” the rule”?) ? C) show & explain adjustments to the short run. what typically becomes the steady state equllibrium for any one producer D) what is the long rum in perfect competition? what is the typical result? E) why is this market structure considered to be efficient ? • Show less


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