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1] Why does the consumer fare better in terms of price when facing a pure competitor than when facing a seller in any other market structure?
2] What are some examples of economies of scale and diseconomies of scale?
3] Why can an oligopolist and a monopolist earn excess profit over the long run when a pure competitor and monopolistic competitor cannot?
4] Why would people who basically favor free markets seek government intervention into the operation of those markets?
Also, be sure to submit the written assignments for both week nine and week ten.
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