Differences between the revenue curves

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-Use graph(s) and/or table(s) to illustrate and explain the differences between the revenue curves of a price maker and a price taker.

-Graphically represent normal profit. Explain why normal profit is the minimum required to keep operating in the long run.

-Graphically represent and explain why the demand curve of a perfectly competitive firm, a monopolistic firm and a monopoly is different.

-Why is a perfectly competitive market structure very unlikely to exist in the real world?

Reference no: EM133063293

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