Questions for economic reasoning and discussion
Is
perfect competition fantasy or is it real? Why?
Is
product differentiation wasteful? Would society be better off
(житиме
краще)
with only one of each product instead of many variations of the same
product?
A
monopolist can always make a profit because with no competition it
can charge any price it likes. Do you think this statement is true?
How
are different market structures (perfect competition, monopolistic
competition, oligopoly and monopoly) affected by such factors as the
number of the buyers and sellers, product differentiation, and
barriers to entry?
FOR
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