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Difference between a market structure

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Reference no: EM131646735

Pure Competition in the short run.

  • What is the difference between a market structure and a characteristic of market structure? 
  • What are the main characteristics of the four basic market models?
  • How can purely competitive firms use the total-revenue-total-cost approach to maximize profits or minimize losses in the short run?

Reference no: EM131646735

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