Discuss the differences in the two situations

Reference no: EM13201542

in long-run equilibrium, both prefectly compeitve and monopolistcally competitve markets achieve a tangecy between the firm's dd demand curve and its average cost curve , the tengency for a monopolistic compeetitor, while displays the tegency for a perfect competitor . discuss the similarities and differences in the two situations with respect to : A. the elasticity of the demand curve for firm's product .

Reference no: EM13201542

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Discuss the differences in the two situations : prefectly compeitve and monopolistcally competitve markets achieve a tangecy between the firm's dd demand curve and its average cost curve , the tengency for a monopolistic compeetitor, while displays the tegency for a perfect competitor.

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