Why is it important to understand the market structure within which your Firm exist? Explain briefly the difference between major market structures (Perfectly competitive vs monopoly)? Give examples of companies. How is pricing and output decisions made. What advice will you give to your manager?

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Why is it important to understand the market structure within which your Firm exist? Explain briefly the difference between major market structures (Perfectly competitive vs monopoly)? Give examples of companies. How is pricing and output decisions made. What advice will you give to your manager?

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Your email address will not be published. Required fields are marked *