Explain between perfect competition and monopoly market, Macroeconomics

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"No point is better accepted than the fact that the monopoly price is higher and the output smaller than what is socially ideal. The public is
the victim."

(a) Explain between perfect competition and monopoly market structures

(b) Do you consider that when monopoly exists, the public is always the victim?

(c) Describe the different pricing strategies of firms under oligopoly.


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