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a) Fill in the table with the appropriate information pertaining to the important characteristics of a firm operating in a perfectly competitive market structure and a monopoly firm. (6 marks)Screen Shot 2020-11-27 at 3.38.34 pm.png

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Characteristics Monopoly Perfect competition Number of market players Product characteristics Entry and Exit Loss minimisation rule Firm's demand curve Pricing power of the firm

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Characteristics Monopoly Perfect competition Number of market players Product characteristics Entry and Exit Loss minimisation rule Firm's demand
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