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What is the short-run profit-maximizing policy

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Reference no: EM13107034

1. How is the welfare cost of monopoly measured? also give example.

2. How can economies of scale lead to monopoly? also give example.

3. What is the short-run profit-maximizing policy of a monopolistically competitive firm? also give an example.

4. How is the long-run equilibrium of monopolistic competition like that of perfect competition? also give example.

Reference no: EM13107034

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