Compare and contrast the four market structure models

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Compare and contrast the four market structure models: Monopoly, Oligopoly, Monopolistic Competition, and Perfect Competition—including, but not limited to, assumptions/characteristics of each model, profit maximizing price/output combinations, short run vs. long run, the major differences between the structures, and the implications of each market structure for creating and maintaining value and a competitive advantage in a firm’s product(s).

Reference no: EM131075060

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