market systems, Microeconomics

what is a perfect competition and how does it differ from monopoly?
Posted Date: 8/2/2012 12:38:13 AM | Location : United States







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demand for two market are P1=15-Q1&P2=25-Q2.the monopoly TC is C=5+3(Q1+Q2).What are ,output,profit&MR if the monopolist can price disc? riminate

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The Money Multiplier is explained below: If you see carefully, the money multiplier is nothing but an inverse of a reserve ratio. Therefore, we can write MM = 1/rr, where rr is