Discuss how an imperfectly competitive firm resorts

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Reference no: EM131004530

1. Perfect Competition is a model of which examples are few and far between. Yet economists love to discuss this model. Explain why.

2. Discuss how an imperfectly competitive firm resorts to price discrimination to maximize its profits.

3. One of the criticisms of oligopolies is the adverse impacts these firms have on income distribution. Do you believe that is a valid critism? Discuss with appropriate examples.

Reference no: EM131004530

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