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Illustrate and explain using diagrams how a single seller

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Reference no: EM132303040

Question 1:

a) Illustrate and explain using diagrams how a single seller within the market can maintain an (a) inefficient allocation of resources;

(diagram + the explanation)

b) Are there any advantages to a single market seller and how do they compare to its perceived (b) disadvantages.

(identifying advantages + identifying disadvantages)

Reference no: EM132303040

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