Business, 18.11.2019 19:31 kayliebug2003

Below are eight descriptions of firms operating under various market conditions. for each item, determine whether the market is a monopoly or a market with perfect competition. items (8 items) (drag and drop into the appropriate area below) a firm in this market produces where p > mca firm in this market may earn long-run economic profitsa firm in this market has no market powera firm in this market has no competitorsa firm in this market cannot earn long-run economic profitsa firm in this market has significant market powera firm in this market is one of many small competitorsa firm in this market produces where p = mc categories monopoly drag and drop here perfect competition drag and drop here.

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